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Ray Bod
Bloomberg Television
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Comments by "Ray Bod" (@raybod1775) on "Sam Zell Says WeWork Will Have to Shrink its Footprint" video.
WeWork caused big losses for banks and the U.S. has an overbuilt office market, along with falling housing prices, manufacturing in recession, trade in recession... this reminds me so much of 2007.
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Gary Oakham Better to short the market or buy gold at the appropriate time IF things turn down like before.
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Crashes aren't fantasies, they do happen fairly regularly.
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Gary Oakham Good question. I wish I had a bug to listen to and know what the Federal Reserve fears and plans to do. Right now they're pushing as much money as they can to keep investors flush with cash while protecting banks from their bad investments. As long as the price of oil stays low, things shouldn't implode. The problem is the U.S. oil sector is loaded up with a lot of debt that needs to be serviced. This indicates (to me) that oil is priced too low for U.S. oil operations to continue as they have, so oil will start rising significantly by May 2020. That's my best guestimate.
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