"I believe that a large number of financial institutions have become dependent on commodity trading (mainly, oil) for profits. The financial system suffers from overcapitalization. The pressure for increasing profits is intense. Oil has become the most important new source of profits. As oil has worked for so long, the financial community is hanging on to this position. Of course, when demand from financial investors is high, oil prices can remain high on self-fulfilling expectation."
Would MS admit he same could be happening in reverse with PMs?
