That doesn't mean that I think oil can't make it to $100. Who knows? I don't think it will stay there if it does though, any more than it could stay at $140 the last time.
5 years later and we're still in ZIRP. Big shocker.
I never sold my long-term inflation protected treasury bonds though.
Another long-term theory of mine is that we're trying to combine the deflationary Great Depression and the inflationary 1970s under the hopeful assumption that two wrongs will somehow make a right, lol. Sigh.
Now the Saudis are stepping in to hold oil in $75 to $70 range. I think it will hover within that range for at least another 2 quarters. Who benefits most from this trend: airlines, shipping companies, farmers, etc?
It sure took its sweet time.
ReplyDeleteNovember 9, 2009
I'm Deflationary
That doesn't mean that I think oil can't make it to $100. Who knows? I don't think it will stay there if it does though, any more than it could stay at $140 the last time.
5 years later and we're still in ZIRP. Big shocker.
I never sold my long-term inflation protected treasury bonds though.
Another long-term theory of mine is that we're trying to combine the deflationary Great Depression and the inflationary 1970s under the hopeful assumption that two wrongs will somehow make a right, lol. Sigh.
No joke.
Now the Saudis are stepping in to hold oil in $75 to $70 range. I think it will hover within that range for at least another 2 quarters. Who benefits most from this trend: airlines, shipping companies, farmers, etc?
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