stimulation, page-39

PS from Bloomberg thing today, just to,highlight re: oil price, no one's really got a freakin clue, have they?

Unfortunately for macroeconomists, oil prices are even less predictable than the Chinese economy, depending on everything from OPEC politics to strife in the Middle East. One theory says the price of crude could drop below $40 a barrel next year, because production is exceeding consumption and the world is running out of places to store the excess. An unprecedented amount of crude is afloat on tanker ships while its owners look for buyers. Oil bulls counter that the low price will depress exploration and production enough to create shortages and drive the price back up. Emad Mostaque, a strategist for Eclectic Strategy in London, says a barrel of oil could fetch $100 or even $130 by 2017. Between those two extremes, traders are betting that prices will rise only a bit, with the Brent crude benchmark reaching $56 a barrel by the end of 2016, up from about $49 now.