This book will help you make better investment decisions in commodity markets. Find out which pundits and forecasters really know what they are talking about and track them. Understand the factors you can use to hold the "experts" to account.
Peter Sainsbury tells the story of how dairy farmers in New Zealand, petrochemical companies in the US, miners in Canada have been affected by overly optimistic views on future commodity prices. This isn't just a story of investors losing their money, but loss of communities and livelihoods and even whole economies usurped by just the expectation of a commodity boom.
In Crude Forecasts: Predictions, Pundits, and Profits in the Commodity Casino, economist Peter Sainsbury shows how you can take back control. In this book you'll discover:
- Why incentives tell you everything about financial market pundits
- What warning signs to watch out for
- How to be a more sophisticated consumer of financial media
- What you can do to avoid your business, industry, or country becoming a commodity white elephant.