July 04, 2009
– Comments (3)
Kdakota: Thanks again for posting these comments. Peter is easily the smartest man in the room right now. I'm still waiting for him to get a single answer incorrect. So far, it hasn't happened.
He was very wrong on oil last summer.
I still like Peter's long term thinking when he says:
The US is no longer the engine that drives the world's economic train, they are the caboose. Most American's will wake up to that fact way to late.
Not that he and his clients did not lose money last year, they did. However I agree with his vision that you have to be patient and be able to look out 5 years or more to what the world's economies are going to look like.
The world knows that relying on 5% of the world's population (The USA) for most of it's consumption, is a strategy that cannot be repeated and I do not think it will be.