World Bank Economist Thoughts and ETFs to Play
If World Bank Economist Hans Timmer is right about oil and food prices to keep falling, then playing a few of the Short ETFs might not be such a bad idea
The Bear Agriculture (AG) and Oil/Gas ETFs you can play are the following:
| ETF | Ticker |
Price | |
| DB AGRI DBL SHRT ETN |
AGA |
52.88 | |
| DB AGRICUL SHORT ETN |
ADZ |
37.41 | |
| ProShares UltraShort Oil & Gas (ETF) |
DUG |
30.51 |
Tickers Alone: AGA ADZ DUG
Granted Hans puts a somewhat positive spin at the end but we are set for a long cold Bearish winter. Here is a Bloomberg Interview with World Bank Economist Hans Timmer. Hans is predicting Oil Prices Will Drop Below $40/barrel in Short Term, Food Prices Will Decline 23% on Average in 2009 and more Doom and Gloom for the world economy:
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