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A few months ago, Goldman Sachs "experts" were predicting oil at over $200/barrel. Obviously, things didn't work out that way, which is why the concluding parag
by medearis 18y ago
A few months ago, Goldman Sachs "experts" were predicting oil at over $200/barrel. Obviously, things didn't work out that way, which is why the concluding paragraph is exactly right -- information now travels faster than ever in our economy, which will affect the way the economy rebounds. Still, nobody knows exactly what will happen.
It seems to me that the best predictor of how the economy is doing is the way that it is perceived. For all the talk of this being the "worst economy since Hoover," we're not in a depression and not all is lost. I see a lot of optimism accompanying the incoming administration, which will probably do more for the economy in the short-term than any sort of monetary or fiscal policy could.
- unrealwh 18y ago$200/barrel is indeed wrong, its a lowball number. i expect $500 or more. where do you think all those trillions the Fed is printing up now will end up? what happened the last time the Fed printed up trillions in 2002? commodity bubbles! excess liquidity ALWAYS creates inflation, and inflation always chases up the value of finite stores of value, namely commodities. nothing goes straight up or straight down...the thirty year commodities ultrabubble is just getting started, and has experienced its first (of many) breakdowns towards an eventual higher price once this pocket of deflation is monetized. zimbabwe here we come!
- fallentimes 18y agoYou would be a nice foil to Jim Cramer.
- anamax 18y ago> $200/barrel is indeed wrong, its a lowball number. i expect $500 or more. Where are you stashing what you're buying? You are putting your money on that prediction, right?