Dear Reader,
Oil seems to be focusing attention these days. I still expect WTI oil to touch 50 USD in 2016.
I do not subscribe to the belief that the oil age is "over". Basically, to produce oil is very cheap, people constantly uncover new finds and technology will keep driving oil production costs down. Clean energy will have its place, but the world economy is still growing.
Global oil majors should benefit from the rise of oil. Mid to large cap fracking companies seem a good way to play oil in the short term.
Government bonds all over the world seem overpriced. Low inflation will come back and the sell-off in US, EU and Japan bonds could be significant.
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