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Michael Kao: Bank Bailout Allows The Fed To Tighten Even More
Forward Guidance
The Oil Industry Is Not Just a Long Term Investor, Right?
I'm talking against my book here, both from a policy recommendation standpoint, but also from a market call standpoint. I don't think unemployment spiking is as bullish in the very near term for oil. And again, I focus on energy because so much of our policies are basically boiling ourselves into an energy crisis. We're about to reach that peak. The world is awash with fossil fuel reserves; unless oil prices significantly higher, I think we'll be fine.
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