J Lee

Dollar and Oil Are Manipulated by ECB and Fed

I predict that oil is going to hit 150 at some point, and 200 at some point and 100 at some point and 500 at some point. OK, so now that we have that straight, does making silly predictions do anything for anybody? You need to have some magnificent econometric model for it to mean a hill of beans. And unfortunately even the economists don't have such a model. They certainly do have models but nothing that is nearly sophisticated enough. And certainly nothing so far that is connected with reality.