The bitter economic costs of cheap oil
Breakfast with Benjamin: The bitter economic costs of cheap oil, plus notes on taking advantage of the rising dollar, avoiding bond funds like the plague, and running toward market volatility.
- Cheap oil threatens the U.S. energy boom and the fallout is not optimal. In the shale business it’s not as easy as just reducing production. West Texas Intermediate crude prices are down 23% since June
- Banking on a rising dollar. While still not at full speed, the U.S. economy is ahead of the global recovery cycle and there are reasons to believe the resurgence of the dollar is just beginning. Paying less for foreign goods and services
- Making the case for investing in bond funds gets tougher by the day. No longer the safe side of the portfolio. One-day Treasury bond rallies are not why you hold bonds
- Bullish billionaire Paul Tudor Jones expects U.S. stocks to crush the globe for the rest of the year. ‘The piper will be paid one day’
- Taking advantage of increased market volatility. It’s not all about ducking for cover. Hedging out the bumps
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