speculators

At the height of the mania, investors accounted for one in five home sales in parts of the GTA, says a new report

My most recent column isn’t online as yet… but I can tell you it’s all about the nonsense coming out of congress and elsewhere, blaming “speculators” for the run-up in oil prices. I confess, I have been susceptible to this thinking in the past too. But the evidence is mounting that speculators have little or nothing to do with soaring energy costs. Here”s yet another new story in which the industry’s biggest minds keep telling us to ignore Joe Lieberman and Mahmoud Ahmadinejad.