Citigroup

Oil heads back below $30/bbl as hedge funds give up on OPEC

“Those who cannot remember the past are condemned to repeat it“. George Santayana 9 months ago, it must have seemed such a good idea.  Ed Morse of Citi and other oil market analysts were calling the hedge funds with a sure-fire winning strategy, as the Wall Street Journal reported in May: “Dozens of hedge-fund managers […]

Interesting quote (6)

Nobody ever bothers to deny something that is plainly impossible.

So when CEOs of a major bank deny something, the blog always worries.

The ‘Interesting quote’ series began in August 2007, when the blog noted Chuck Prince (then CEO of Citgroup) as sa…