"Wayne.B" wrote in message
...
On Fri, 21 Jul 2006 18:06:51 GMT, "JoeSpareBedroom"
wrote:

Here's an idea: "Rochester Institute of Technology reports that enrollment
in their computer science department was down 14% compared with last
year".
Next day, every IT person who's got a resumé online cranks up their salary
requirements because they interpret RIT's enrollment data to mean an
immediate shortage of IT staff.

If students graduated intstantly, and were hired the next day in an
auction market, that is exactly what would happen.


Speculators function as if oil supplies behaved like those instant
graduates. The problem is that the prices do not come down when yesterday's
Baghdad incident is forgotten (usually the next day).