QUESTION: Marty, many individuals learn about your forecast of Russia, 1987, 2007 excessive in actual property, Nikkei, the collapse of communism and so many, however I believe even you forgot your forecast that oil would collapse to $10 in 1998 after which swing as much as $100. I keep in mind even Bloomberg coated that forecast that no one would imagine. You’ve been the grasp forecaster for you may have projected what you name slingshots many instances. I requested AI for those who made that forecast and it confirmed you made that forecast again in 1998.
Do you continue to see oil rising to $200 within the years forward?
Josh
ANSWER: Oh sure, I do keep in mind that. It was Mark Pitman at Bloomberg who was astonished by that forecast. Sure, I nonetheless see oil is rising to $200 within the years forward. Teachers won’t ever perceive such forecasts. There isn’t a random stroll and there actually isn’t any environment friendly market nonsense. Markets all the time overshoot and undershoot the logical expectations.
