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Persian Gulf crisis "huge threat to markets"
Milton Ezrati, Partner and Senior Economic Strategist at Lord Abbett mutual fund, 2012:
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Analyst?
by G. Rahmanian on Wed Apr 04, 2012 01:49 PM PDTThis great analyst does not say a word about profiteering by oil companies and speculators. He seems to be more concerned about "investors" (speculators) who are after quick profits than consumers.
The funny part was where he says, the oil may be flowing, but prices will keep rising simply because one of the crazies in Tehran may say something about closing the Strait of Hormuz. It doesn't even matter if the rest of the world says the Strait is open.
So, if oil is flowing why should the prices go up?
Milton, an Iranian Economist!
by Faramarz on Wed Apr 04, 2012 12:49 PM PDTIranians have the coolest nicknames!