
The Rewind: On The Couch
The Memo by Howard Marks
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Why Do Oil Prices Fall?
When oil prices fall, it's usually because in a balance of supply over demand. This does not require anybody from the outside controlling oil prices. The government doesn't have to come in and do whatever governments do to try get the oil price up. That's the way markets work. We're constantly seeing these things, and i think we always will. Thinking about causality allows us to understand why the standard patern obtains.
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