The Oil Factor
The Oil Factor
Stephen Leeb, editor of the “Complete Investor” newsletter, believes the U.S. economy is headed for a significant fall because of a severe shortage of oil, which has been inextricably tied to the economy for the past 30 years. Leeb, author of several books including Getting In on the Ground Floor (also co-written with wife Donna), believes the country must become less dependent on oil imports over the long term. Dr. Stephen Leeb advises individuals to choose investments based on the longstanding relationship between oil prices and the stock market. He has a number of solid observations based on an examination of the past 30 years of stock performance and oil prices: “Since 1973, the economy and stock market have danced to oil’s tune. Sharp rises in oil prices have led to recession/stagflation and plummeting stocks, while declining prices or prices that are just mildly up-trended have led to good times.” 'The Oil Factor' provides a great deal of historic context and analyzes industries, selected companies, and other investment choices such as bonds and Treasury notes. Dr. Stephen Leeb’s thesis is well researched, and the book offers a solid, concise overview of the economy and stock trends. Still, given the uncertainty of the stock market-and the lack of job security-readers should consider Leeb’s strategies carefully before overhauling their portfolios.
AUTHOR > INVESTMENT ADVISER > MONEY MANAGER
Dr. Stephen Leeb is a prolific author, investment adviser, and money manager with over 40 years of experience analyzing financial markets. Known for his prescience in connecting the dots amongst hidden or overlooked macroeconomic, scientific, and geopolitical trends – and accurately describing the investment implications, often going against conventional wisdom. As a best selling author, he has published nine books on investing, finance and geopolitics, including his most recent book, China’s Rise and the New Age of Gold: How Investors Can Profit from a Changing World. Founder and editor of the award-winning investment letters 'The Complete Investor' and 'Real World Investing', published by Investing Daily. Additionally, Stephen Leeb is CEO and Investment Committee Chairman of Leeb Capital Management, a wealth management firm based out of Manhattan, New York. Leeb Capital Management provides a unique array of investment portfolio strategies catering to individual investors and institutional clients in the realm of asset and investment management.