I do not agree with Paul Krugman on this topic. He sees no unnecessary "speculation" or hoarding. Actually, speculation is not the correct word. It is investment firms which are getting into this market because there is nowhere else to go to get a balanced portfolio:
http://www.nytimes.com/2008/05/12/opinion/12krugman.html?_r=1&hp&oref=slogin
Friday, June 13, 2008
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