Replies to post #2063 on The Rising Influence of Rising Affluence

[DewDiligence]

Factoid: China’s oil consumption is 9.6M bbl/day, about 11% of the worldwide total.

[bladerunner1717]

The contrarian view: Harry Dent says the crash is coming soon, first in commodities and then in equities.

http://finance.yahoo.com/blogs/daily-ticker/harry-dent-major-crash-coming-stocks-commodities-already-20110331-080715-415.html


Bladerunner

[DewDiligence]

Barron’s cover story on “$75 oil” is the polar opposite of the “$300 oil” write-up by Charles Maxwell (#msg-59847334):

http://online.barrons.com/article/SB50001424053111903536004579459323209921860.html

Today’s Barron’s piece doesn’t furnish any arithmetic to arrive at the $75 forecast, but rather offers qualitative arguments and a lot of handwaving. It reads like an update to the 2010 NYT piece in #msg-58237630.

Comments welcome.