World Bank Economist Thoughts and ETFs to Play

Great Depression

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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