Alternatives A week ago, we revised down our oil price forecast, as follows:   A Murphy’s Law you may not have heard of Of course, as soon as we did review down Brent, it rebounded—thus works Murphy’s Law of Forecasting. We’re staying cool We’ll watch Brent oil for a while before lurching to another revision. […]

Alternative Assets   We now project Brent at around $45/barrel for the next five quarters Not all commodity prices are sinking. Industrials are down, but look at ag prices. Corn, for example, is up 20% from last year.

Alternative Assets We hold to our forecast for Brent crude: Data compendium

Alternative Assets China. Chinese credit flows continue to slow down. This is a good thing, not a bad thing; it can stave off an outright financial crisis in China. But it will probably also lead to a China slowdown more abrupt than the slowdown now foreseen by most analysts. This would add to downward pressure […]