Which Direction Are Oil Prices Headed? Is the Eurozone Doomed? An Interview with Mike Shedlock
As markets continue to yo-yo and commentators deliver mixed forecasts, investors are faced with some tough decisions and have a number of important questions that need answering. On a daily basis we are asked what's happening with oil prices alongside questions on China's slowdown, which commodities or instruments will provide safety in the current environment, will the Euro-zone split in the future and what impact the presidential election is going to have on the economy and markets?
To help Oilprice.com look into these issues and more we were fortunate enough to speak with the award winning economic commentator Mike "Mish" Shedlock.
Mike's blog: Mish's Global Economic Trend Analysis is one of the most popular and informative economic blogs online. His millions of dedicated monthly readers find his advice invaluable and we recommend anyone interested in learning more about the global economy and financial markets to stop in and take a look: http://globaleconomicanalysis.blogspot.com.
To find his blog, you can also do a Google search for Mish
In the interview, Mish discusses:
- Why global trade will collapse if Romney wins
- Why investors should get out of stocks and commodities
- Why we have been oversold on shale gas and renewable energy
- Why oil prices will likely fall in the short-term
- Why the Eurozone is doomed
- Why there may soon be an oil war with China
- How government interference is ruining the renewable energy sector
- Why we need to get rid of fractional reserve lending
Oilprice.com: With oil prices now in the high 80's and news out of Europe getting worse every day, do you expect prices to stay in this range, or do you see them dropping in the short term?