But remember, the central bankers telling us that America’s recovery is “nascent” and that Australia will benefit for many years from a “very big” investment boom in the resources industry are the same blokes who did not give you a single warning about what was coming in 2007 and 2008. Why is that?
February 25th, 2010 | Dan Denning | 18 comments | ContinuedAll Posts Tagged With: "deutsche bank"
Buy Oil Stocks… No Matter What
Of course, no one knows what the price of oil will be, but there is no shortage of forecasts. Goldman Sachs says it will be $95 by the end of 2010. Deutsche Bank says $65.
January 27th, 2010 | Chris Mayer | 1 comment | Continued
Deutsche Bank Tells Clients to Get Out of Commodities
Well, that’s it. Apparently the commodities boom is over. The folks at Deutsche Bank (NYSE: DB) told clients to get out of commodities. They say China is slowing. The whole world is slowing. Oil will return to its “marginal cost of production,” somewhere between US$60 and $80 and gold will settle around $650. Of course it’s possible they’re right. You have to take each one of these predictions from the investment banks for what they’re worth, though. Sometimes they’re late to the party…
August 8th, 2008 | Dan Denning | 8 comments | Continued
