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Thursday, March 27, 2014

Bill Miller - Housing Will Beat The Market From Here

http://www.gurufocus.com/news/252992/bill-miller--market-fairly-valued-housing-will-beat-the-market/affid/81000


Apache CEO Discusses The Permian Basin Boom

Jeremy Grantham Sees 7 Years Of Lean

Legendary investor Jeremy Grantham says the US Federal Reserve is killing the recovery of the world's biggest economy and the ''next bust will be unlike any other''.

Mr Grantham – the cofounder and chief investment strategist at the $US112 billion ($123 billion) Boston-based fund manager GMO –said he wouldn't invest his clients' money in US stocks for at least the next seven years because of the Fed's ''misguided policies''.

Mr Grantham has an impeccable track record, having called both the internet bubble and then the US housing bubble. In November he said he believed the US sharemarket could rise another 30 per cent, although he believed it was overvalued, before crashing again.



Saturday, March 15, 2014

Jeremy Grantham - Bonds Are Nerve-rackingly Overpriced

What about bonds?

They look absolutely, nerve-rackingly overpriced, and in a crisis, who knows what will happen to those securities? They could make stocks look like a safe haven if the next bust occurs at the federal levels of the large countries. Bonds, including government bonds, are a lot more dangerous than people imagine.

Tuesday, March 11, 2014

Chevron Raises Oil Price Outlook To $110


Chevron, the US oil group, has raised sharply its expectation of future oil prices and cut its target for production growth, as it highlighted the steep rise in costs in the industry.
John Watson, the chief executive, told analysts at a meeting in New York that the company was “bullish on oil” because of output declines at mature fields, political constraints on production in many parts of the world, and the rising cost of finding and developing new oilfields.