November 28, 2014

Oil: "$35 a possibility if they don’t get an agreement next spring"

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Tom Kloza, founder of Oil Price Information Services: “When you look at the second half of 2015, that’s when you see oil beginning to dwarf demand by about a million, a million and a half barrels a day. Thirty-five dollars is a possibility if they don’t get an agreement next spring because that’s when the oil really starts to build and you can have a billion barrels of oil with really no place to put it.”

Documentary: How to Win the Loser's Game

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80 minutes long, it contains interviews with some of the biggest names and brightest minds in the investment world.

The aim is to provide ordinary investors with the information they need - and to challenge the industry to offer consumers a fairer deal.

The Risk That Will Bite You Next Is NOT The One That Bit You Last

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Great article by 'Cassandra Does Tokyo'

Traumatic and painful events burnish their effect upon our brains. This happens profoundly in childhood, as well as in relationships, and most definitely as readers will know,  in the financial markets. As a result, we alter behavior, and do things differently in the future. Tokyo real estate was no longer Japan's risk once it plunged skewering banks and investors in the process. Latin-American debt from the recycling of petrodollars, once a mammoth exposure has been throttled long ago. Asian countries are no longer held hostage by fickle hot-money flows. And it probably won't be large company malfeasance (like Adelphia, MCI, or Enron) drilling holes in investor portfolios that gets one fired for being contrarian. Nor is it probable that dodgy liar-loan mortgages packaged together into dubiously-annointed 'AAA' CDO's will set in motion a catastrophic global unwind. No. Rather, we will (and undoubtedly we already are) well-into the process of doing too much of precisely that thing which we shouldn't. And what ever it is, or will be, it won't be Japanese Real Estate, NT or JDSU or carelessly conjured CDOs, or whatever that thing was that buggered you soooooo much that it still hurts.

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