Fri, Sep 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Saxo Bank’s Jakobsen shares his 'outrageous’ predictions for 2013 and beyond

Wednesday, February 13, 2013

From Komfie Manalo, Opalesque Asia:

Steen Jakobsen, Chief Economist at Saxo Bank, a global provider of Forex trading, shared his "outrageous" predictions for 2013 and beyond for commodities, currencies and global financial markets as a whole.

In his conversation with Sona Blessing on Opalesque Radio, Jakobsen predicted that the DAX would plunge 33% this year. The DAX is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.

"The expectations are at their highest this year," Jakobsen said. In fact, the expectations are the highest in his career, he added. Prior to Saxo Bank, Jakobsen was Chief Investment Officer for Limus Capital Partners. He has more than 20 years of experience within the fields of proprietary trading and alternative investment.

His 10 outrageous predictions include: world crude prices going down to $50 per barrel "as the U.S. becomes more self sufficient in energy by 2015." He added, that by 2015, they (the U.S.) will meet 50% of their fuel requirements from alternative energy sources. "The deadline of a high mileage to the gallon is at 2015 and it’s not going to change," he continued. "In 2012, oil production in the U.S. was the highest since the 1970s in terms of domestic production of oil itself." He added that the U.S. is also developing new technologies......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. ...And Finally - FAN-antic[more]

    From Newsoftheweird.com: Jeffrey Riegel, 56, of Port Republic, New Jersey, left 'em laughing with his obituary's parting shot at the Philadelphia Eagles. In it, Riegel asked that eight Eagles players act as pallbearers, "so the Eagles can let me down one last time." Riegel owned season tickets for 3