mrbill

Expect Oil to Approach $100/bbl Again By Summer

If you're thinking about using oil as an inflation hedge, here's what's gonna happen: price controls & speculators tax. I bet they'll do it. On the other hand, our nanny (the government) would like to see oil rise (more tax revenue), but not $150 a barrel.

The Dollar's Tipping Point

So where are all those deflationists now?

The Case Against Gold

Oh, one last thing. That comment about all the gold at fortknox. That was funny, I admit.

The Case Against Gold

The problem with holding gold is that it will likely be outlawed if things get really ugly. Oh, but that could never happen in America right? One way or another, you're getting screwed. Right now investors are being herded like cattle into one asset class after another, losing money at each turn. If you go into equities, they fall just when everyone says they can't go lower. If you've missed the boat on treasuries and know they're a safe mid-term bet due to deflation, as soon you're you're in in, they fall. Go into oil because higher future contracts and other "fundamentals" make it a no brainer, then suddenly, it goes lower. Strange isn't it? Seems like you need to be doing the opposite of what makes sense. And even if you can keep your head above water, as a last resort, your taxes are going up. Despite everything, all that is occurring today has happened many times before and people still don't get it: "governments" are robbing their citizens of their wealth. If you haven't figured it out, especially with all the too-big-to-fail/too-sm... bailouts, you're either blind, stupid, or both.