{"id":18595,"date":"2016-03-07T21:08:06","date_gmt":"2016-03-08T02:08:06","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18595"},"modified":"2016-03-07T21:09:27","modified_gmt":"2016-03-08T02:09:27","slug":"they-spent-it-all-on-hookers-blow-and-fancy-toys-hedge-fund-manager-predicts-lower-oil-for-longer-quantitative-easing-for-the-people-and-a-gold-bull-market","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18595","title":{"rendered":"\u201cThey Spent It All On Hookers, Blow And Fancy Toys\u201d \u2013 Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market"},"content":{"rendered":"

\u201cThey Spent It All On Hookers, Blow And Fancy Toys\u201d \u2013 Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market<\/a><\/h3>\n
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\"wallstreet-party\"<\/p>\n

In 2011, as gold prices rocketed to $1900 and oil was trading above $120 a barrel, there were few analysts who saw anything but further gains. But Marin Katusa of\u00a0Katusa Research<\/a>\u00a0had a different opinion. At a major commodity conference Katusa, to boos and jeers from the audience, held strong to\u00a0his analysis\u00a0that an imminent deflationary collapse in commodity prices was on the horizon. And collapse they did.<\/p>\n

According to Katusa, who is closely involved in the Canadian resource sector, most people simply assumed the good times would go on forever\u2026 because it was different this time. But like any uninhibited party fueled by\u00a0unlimited cash, the hangover was sure to follow.<\/p>\n

There\u2019s no doubt you had massive high paying jobs. In Canada, the province that benefited the most is Alberta\u2026\u00a0In the last twelve months they\u2019ve had 70,000 layoffs of jobs paying over a hundred grand a year.<\/strong><\/p>\n

\u2026when I\u2019d go to these oil towns you\u2019d sit down at the casinos with them and these guys were all about the hookers and blow\u2026 they were all about their toys\u2026 big fancy trucks\u2026 snow mobiles\u2026<\/strong>\u00a0and they\u2019re in the field for two weeks and they make $20,000 and blow it all at the casinos.<\/p>\n

You knew it couldn\u2019t last.\u00a0<\/strong><\/p><\/blockquote>\n

As Katusa notes in his latest interview with\u00a0Future Money Trends<\/a>, though the crash has been brutal for the sector, it\u2019s not over yet and it\u2019s going lower for longer.<\/p>\n