hen oil hit $139.12 a barrel last week—a 697 percent increase since November 2001—the run-up in oil prices surpassed the 640 percent jump in the Nasdaq during the dot-com-boom. Since its peak in March 2000, the Nasdaq has shed 78 percent of its value. “There’s nothing different between this mania, the dot-com mania, the real estate mania, the Dow Jones mania of the 1920s, the South Sea bubble, and the Dutch tulip-bulb mania,” said Stephen Schork of Schork Group. (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why atheism doesn't have the upper hand over religion
- The world's dumbest idea: Taxing solar energy
- 31 TV shows to watch in 2014
- He said he was leaving. She ignored him.
- 10 things you need to know today: April 19, 2014
- Attack of the invasive species
- 14 wonderful words with no English equivalent
- Why we can't stop procrastinating, according to science
- Why would a young person today be religious?
- What would a U.S.-Russia war look like?
Subscribe to the Week