What is the outlook for oil and inflation?
*Barron's, by Jack Willoughby, April 27, 2009:
"Peter Scholtz, who runs Scholtz & Co. in New York, sees the
price of oil rising to $100 a barrel as a worldwide economic recovery
spurs inflation and the Federal Reserve attempts in coming months to
mop up all the liquidity it has pumped into the system. 'They will be
walking a tightrope,' he says of the Fed. 'If they don't get it right,
there is going to be a big inflationary problem. We are at a turning
point, and I don't think the Fed has the dexterity to handle it.'
Scholtz's views are consistent, at least in part, with most other Big Money respondents. Nearly 80% think inflation, not deflation, poses the greater risk in the next three years, a potential consequence of massive government spending."
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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