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Where The Time Has Stopped by Emanuele Colombo
Aleksander Volkov Evening Conversation 2007
1. Low oil prices are a transfer of wealth 2. U.S. consumers will benefit 3. The crash in oil is due to speculation and deregulation 4. The end of austerity in the U.S. 5. The budget deficit is set to grow 6. U.S. household debt service is at historic low 7. Housing starts still below average 8. Stocks are cheap – S&P 500 forward P/E is below average 9. China isn’t as important as people think ...
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