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Frederick Miles
Bloomberg Television
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Comments by "Frederick Miles" (@frederickmiles8815) on "The Road to $100 Oil" video.
Its a trap - oil will slump to 70's - melt up and then smash down to the 30's again.
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@Big_Boss14 yup - insane vol all around; especially with the plunge protection team manipulating the market crash.
3
@ssuwandi3240 monetary deflation caused by misallocation of dollars to service debt burden companies. Lumber mills are shutting down to reduce inventory since they cant get by on lower prices. Thinks late 1920's - early 1930's. We are on track for a depression. But I do agree constant miscalculation by Fed just allows smart money to profit off of extreme vol - sucker in retail on the way up and way down.
1
@ssuwandi3240 there is only narrow AI; not AI and those that are 'smashing' earnings are doing so through loaning money to desperate people who will never pay them back - same problem that Zillow's 'AI' had / has. Design thinking flaws and parameter tuning that focuses on short term gains over model sustainability / stability over time.
1