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Roubini Sees Asset-Bubble as Money Chases Commodities (Updat

Bloomberg.com -- By Anabela Reis and Mark Deen

Nouriel Roubini said investors are “chasing commodities” and there is a risk of new asset bubbles emerging as stock markets and commodity prices surge amid record-low lending rates.

“There is a beginning of a bubble in financial markets,” with “asset prices going higher,” Roubini, the New York University professor who predicted the global financial crisis, said in a speech in Lisbon today.

Equity markets around the world have surged in recent months, with the MSCI World Index up 25 percent so far this year and by around 66 percent since its March 9 low. The price of crude oil has jumped 70 percent since the beginning of the year to about $76 a barrel in New York.

Part of the increase in oil prices is “money chasing commodities,” Roubini said. “There is a r

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Submitted Nov 20, 2009 By: UncleCurt

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Doubleeez Champion Author Connecticut Posts:2,747 Points:546,490 Joined:Sep 2005	Message Posted: Nov 21, 2009 5:24:11 AM Ignore Doubleeez Report Abuse And what part do the speculators play in this recent economic upturn?
wild3bill All-Star Author New York Posts:900 Points:1,039,800 Joined:Nov 2005	Message Posted: Nov 21, 2009 5:18:25 AM Ignore wild3bill Report Abuse Make Speculators pay Cash up front, then make them take delivery of crude
G.Lee Champion Author Colorado Springs Posts:15,997 Points:2,438,585 Joined:Sep 2003	Message Posted: Nov 21, 2009 5:15:09 AM Ignore G.Lee Report Abuse Here we go again.
gordonfan05 Champion Author Georgia Posts:1,868 Points:661,685 Joined:Apr 2005	Message Posted: Nov 21, 2009 5:07:40 AM Ignore gordonfan05 Report Abuse These bubbles are caused by greed and slight of hand. Buy and sell without taking delivery of any product,creating demand and higher prices. You would think all governments would get together to end these practices after all the troubles that they caused over the last couple of years.
CPR54 Champion Author Austin Posts:5,556 Points:1,337,465 Joined:Jul 2006	Message Posted: Nov 21, 2009 5:04:59 AM Ignore CPR54 Report Abuse watch the money
lisamls Sophomore Author Sacramento Posts:121 Points:28,825 Joined:Jul 2008	Message Posted: Nov 21, 2009 5:00:03 AM Ignore lisamls Report Abuse profits
jeepman64 All-Star Author Indiana Posts:909 Points:847,660 Joined:Aug 2004	Message Posted: Nov 21, 2009 4:57:59 AM Ignore jeepman64 Report Abuse Follow the money
ED6 Champion Author Riverside Posts:5,149 Points:1,000,710 Joined:Jul 2007	Message Posted: Nov 21, 2009 4:53:52 AM Ignore ED6 Report Abuse Nothing's new, this is what happens on market based economy.
TIGERPAW46 Champion Author Florida Posts:2,781 Points:525,275 Joined:Mar 2004	Message Posted: Nov 21, 2009 4:46:42 AM Ignore TIGERPAW46 Report Abuse Someone posted before current USA leadership wanted to repay loans at inflated dollar so actually being repay less. That won't work because they won't take US dollars will want Gold, Silver or other Commodities anyway.
sssowinski Sophomore Author Sacramento Posts:170 Points:38,215 Joined:Jul 2008	Message Posted: Nov 21, 2009 4:41:56 AM Ignore sssowinski Report Abuse greed
la90042 Champion Author Los Angeles Posts:2,402 Points:505,405 Joined:Nov 2008	Message Posted: Nov 21, 2009 4:35:51 AM Ignore la90042 Report Abuse just what we thought - speculators jacking up the prices
computernut2008 Champion Author Ohio Posts:1,664 Points:401,400 Joined:Oct 2008	Message Posted: Nov 21, 2009 4:33:05 AM Ignore computernut2008 Report Abuse I think we are screwed
saveongasNC Champion Author North Carolina Posts:3,287 Points:724,850 Joined:Aug 2008	Message Posted: Nov 21, 2009 4:29:55 AM Ignore saveongasNC Report Abuse rodzilla123 Very well said!!!
1RedJellyBean Veteran Author Greensboro Posts:452 Points:208,925 Joined:Jan 2009	Message Posted: Nov 21, 2009 4:24:38 AM Ignore 1RedJellyBean Report Abuse Meanwhile, gas prices here are holding about the same for over 2 weeks now. Have a BLESSED weekend! Psalm 121
CokerNut Champion Author Alabama Posts:1,105 Points:398,800 Joined:Oct 2008	Message Posted: Nov 21, 2009 4:18:32 AM Ignore CokerNut Report Abuse OH, the stock market, gamblers paradise.
twobroke61 Champion Author Michigan Posts:3,453 Points:622,760 Joined:Sep 2008	Message Posted: Nov 21, 2009 4:13:28 AM Ignore twobroke61 Report Abuse wish i had the money that these investors had too chase an asset bubble or two of my own
rjn5851 Champion Author Florida Posts:9,737 Points:2,025,430 Joined:Jun 2004	Message Posted: Nov 21, 2009 3:55:47 AM Ignore rjn5851 Report Abuse i need an asset bubble or two.............
HawaiianGuy Champion Author Idaho Posts:4,601 Points:2,112,445 Joined:May 2003	Message Posted: Nov 21, 2009 3:54:43 AM Ignore HawaiianGuy Report Abuse This so-called rampant "irrational exuberance" is rearing it's ugly head again. Best heed the warnings, regardless of what "Plagiarizing Joe" spouts to the press.
taterVA All-Star Author Richmond Posts:617 Points:271,080 Joined:Oct 2008	Message Posted: Nov 21, 2009 3:53:43 AM Ignore taterVA Report Abuse What is next.
ILVET Champion Author Illinois Posts:9,900 Points:1,963,645 Joined:Jan 2005	Message Posted: Nov 21, 2009 3:51:24 AM Ignore ILVET Report Abuse I cant help but believe that a tax increase is coming
dmark101 Veteran Author Los Angeles Posts:412 Points:77,910 Joined:Oct 2009	Message Posted: Nov 21, 2009 3:42:40 AM Ignore dmark101 Report Abuse yeah, sounds like this guy knows what he's talking about. not.
rtw777 Champion Author Florida Posts:4,414 Points:864,950 Joined:Jan 2008	Message Posted: Nov 21, 2009 3:31:44 AM Ignore rtw777 Report Abuse Mister gloom and doom is usually correct in his predictions and reaffirms what most people on this site think about oil and gas prices--driven by greed.
EXTREMESNOW Champion Author Medford Posts:4,522 Points:951,785 Joined:Jul 2006	Message Posted: Nov 21, 2009 3:15:30 AM Ignore EXTREMESNOW Report Abuse Isn't he the one that also predicted oil would drop below $50 again? Lets hope hes right about that!
greywolves Champion Author Las Vegas Posts:4,105 Points:1,527,995 Joined:Dec 2004	Message Posted: Nov 21, 2009 3:10:45 AM Ignore greywolves Report Abuse so, there is money to be made. all bubbles must deflate or pop.
rowing All-Star Author Macon Posts:880 Points:261,610 Joined:Sep 2009	Message Posted: Nov 21, 2009 3:10:41 AM Ignore rowing Report Abuse ok
007HS Champion Author California Posts:6,959 Points:1,852,135 Joined:Aug 2003	Message Posted: Nov 21, 2009 3:00:38 AM Ignore 007HS Report Abuse So.
playtimeCLE Champion Author Cleveland Posts:3,200 Points:594,685 Joined:Nov 2008	Message Posted: Nov 21, 2009 2:52:32 AM Ignore playtimeCLE Report Abuse Sounds to me like the US has more to do with the speculation then trying to curb speculating.
fullcirclethink All-Star Author Washington Posts:543 Points:47,835 Joined:Jun 2009	Message Posted: Nov 21, 2009 2:41:21 AM Ignore fullcirclethink Report Abuse As long as there is cheap money available and people who can borrow it, we are going to be subject to price bubbles. My advice? Get rid of as much debt as you can and get ready for the bubble to burst!
CoffeeTrader Champion Author Victoria Posts:2,412 Points:443,680 Joined:Sep 2008	Message Posted: Nov 21, 2009 2:38:21 AM Ignore CoffeeTrader Report Abuse That is because Commodities which we all need is more secure than cash in the bank.
Edtx2009 Champion Author Houston Posts:1,301 Points:267,665 Joined:Jun 2009	Message Posted: Nov 21, 2009 2:27:54 AM Ignore Edtx2009 Report Abuse Yeah Oil is gonna go higher, so what else is new.
NHLiveFree Champion Author New Hampshire Posts:4,009 Points:669,595 Joined:Jun 2008	Message Posted: Nov 21, 2009 2:25:44 AM Ignore NHLiveFree Report Abuse Time to burst the bubble and strictly control futures speculation and manipulation.
speedys Champion Author Utah Posts:2,101 Points:1,584,070 Joined:Nov 2005	Message Posted: Nov 21, 2009 2:25:33 AM Ignore speedys Report Abuse Bubbles go POP.
PioneerUrban Champion Author West Virginia Posts:2,698 Points:532,505 Joined:Jun 2008	Message Posted: Nov 21, 2009 2:18:34 AM Ignore PioneerUrban Report Abuse the only bubble forming is the speculative price of crude. let it get to over $100 again and watch what happens.
nurdco Champion Author Colorado Springs Posts:3,821 Points:717,080 Joined:Apr 2008	Message Posted: Nov 21, 2009 2:17:00 AM Ignore nurdco Report Abuse Artificial Reality?
Saturn93 Champion Author Salt Lake City Posts:4,240 Points:1,014,765 Joined:Oct 2006	Message Posted: Nov 21, 2009 2:15:27 AM Ignore Saturn93 Report Abuse After putting the US further in debt than ALL previous presidents combined, he now says we need to curb federal spending. Ya think - Ya.
snappyray09 Champion Author Arkansas Posts:3,006 Points:362,995 Joined:Sep 2009	Message Posted: Nov 21, 2009 1:48:41 AM Ignore snappyray09 Report Abuse give me a realy big pin and i will pop that friggin bubble.
jadeusa Champion Author Dallas Posts:4,286 Points:875,410 Joined:Sep 2005	Message Posted: Nov 21, 2009 1:42:59 AM Ignore jadeusa Report Abuse He also predicted 11% + unemployment in the near future.
250FORD Champion Author Minnesota Posts:7,686 Points:1,237,185 Joined:Feb 2007	Message Posted: Nov 21, 2009 1:35:23 AM Ignore 250FORD Report Abuse Lets hope the bubble bursts soon.
mvosevich Champion Author St. Louis Posts:4,320 Points:873,635 Joined:Aug 2004	Message Posted: Nov 21, 2009 1:33:13 AM Ignore mvosevich Report Abuse We all know long a bubble lasts.
10k Champion Author North Carolina Posts:12,951 Points:1,279,275 Joined:May 2006	Message Posted: Nov 21, 2009 1:32:02 AM Ignore 10k Report Abuse artifical money..
Hunter114 Champion Author Chicago Posts:2,999 Points:491,395 Joined:Apr 2009	Message Posted: Nov 21, 2009 1:31:29 AM Ignore Hunter114 Report Abuse Speculator making their juice before jumping ship.
spike1zz Champion Author Indiana Posts:5,205 Points:647,570 Joined:Oct 2008	Message Posted: Nov 21, 2009 1:30:43 AM Ignore spike1zz Report Abuse Bubbles will always pop
grouch311 Champion Author Illinois Posts:4,044 Points:671,305 Joined:Jun 2007	Message Posted: Nov 21, 2009 1:29:10 AM Ignore grouch311 Report Abuse bubbles are speculators
pbc2001 Champion Author Dallas Posts:2,311 Points:416,430 Joined:Feb 2009	Message Posted: Nov 21, 2009 1:18:58 AM Ignore pbc2001 Report Abuse Bubbles develop then they go pop. The main thing to be out of it before it is too late.
RENEGADEGAS Champion Author Missouri Posts:7,678 Points:619,180 Joined:Jul 2008	Message Posted: Nov 21, 2009 1:17:28 AM Ignore RENEGADEGAS Report Abuse whatever.
ItsMorph Champion Author Grand Rapids Posts:26,703 Points:2,211,960 Joined:Mar 2004	Message Posted: Nov 21, 2009 1:11:04 AM Ignore ItsMorph Report Abuse With any luck, their bubble collapses. Hard.
9C1 Champion Author Chicago Posts:17,694 Points:3,279,670 Joined:Jul 2001	Message Posted: Nov 21, 2009 1:10:57 AM Ignore 9C1 Report Abuse More speculation designed to move the market.
4warned Champion Author Michigan Posts:4,243 Points:1,257,935 Joined:Nov 2006	Message Posted: Nov 21, 2009 1:05:43 AM Ignore 4warned Report Abuse We are spending far to fast and the dollar is loosing value. You mite as well say our debt is killing us, yet the government keeps spending.
maske_2222 Champion Author Manitoba Posts:3,123 Points:647,140 Joined:Oct 2008	Message Posted: Nov 21, 2009 1:03:18 AM Ignore maske_2222 Report Abuse Speculators at their finest
BKool Champion Author Michigan Posts:3,020 Points:1,438,945 Joined:Aug 2005	Message Posted: Nov 21, 2009 12:49:18 AM Ignore BKool Report Abuse Frightened U.S. citizens as well as dollar rich nations are buying commodities before the dollar collapses. The entire world knows America will fall along with the dollar. Obama is the worst President in the history of the United States and the last.
ops3 Champion Author Cincinnati Posts:1,229 Points:737,025 Joined:Dec 2007	Message Posted: Nov 21, 2009 12:49:15 AM Ignore ops3 Report Abuse They call them investors, I call them speculators.