“Someday financial markets will decline...rising stock/bond markets will no longer be government policy. QE will end and money won’t be free. Corporate failure will be permitted. The economy will turn. Someday, somewhere, somehow, investors will lose money and once again come to favor capital preservation over speculation. Someday, interest rates will be higher, bond prices lower, and the prospective return from owning fixed-income instruments will again be commensurate with risk.” Seth Klarman
Friday, July 31, 2015
Oil Prices: The Market Speaks--5 year Projections Lowest Since 2009. Weak Crude Prices Here to Stay? (1 chart)
Market participants are pricing 5-year futures below 2009, and the lowest since 2006.
Are market participants convinced that low crude prices here to stay?
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