James Seaberg

Global 'Oil Shock' Rattles World Stock Markets

A scarce resource like crude oil can go up even in a fixed exchange rate system. We need only the concerted efforts of the major central banks to inflate the money supply. This unbelievable money supply growth which we are experiencing presently together with the prospect of peak oil will assure much higher oil prices even if the US falls into a recession. Solution: Buy USO (an ETF).

Thursday Outlook: Metals, Commodities, International

Forget stocks. Stay with commodities and have a nice day on the beach instead of worrying when your stock goes to zero. Whilst you enjoy the sunshine, Bernancke will print more money for you. Isn't that nice? Wealth out of nowhere!