There’s so much cheap money in our economy that people can just throw it willy-nilly at whatever the current fad is. After the oil bubble pops it’ll be something else unless we adopt a responsible monetary policy.
It’s kind of interesting to me that with the tech or .com crash we have been on a kind of down hill hierarchical cycle Tech, housing and now oil. 4 or 5 years then boom and move to the next link on the chain.
Events are catering to the pessimist in me, I think we are on the last link.