The new world for oil is a manageable $65 a barrel
Breakfast with Benjamin: Where the price of oil is likely to settle. Plus: On the responsibility of retirement plan sponsors and mutual fund directors; don't get blown away by the new jobs report and banks pass stress tests with flying colors.
- It’s a whole new paradigm for oil, and it doesn’t include prices hovering around $100 a barrel. But it doesn’t include $50 oil, either. The future looks more like $65 to $70 a barrel
- A worthwhile read on the ongoing evolution of the 401(k) industry and what we should be expecting from mutual fund directors. Plan sponsors have a fiduciary obligation to purchase the cheapest available share class
- Don’t get too caught up in the latest jobs numbers, because the employment recovery is is still very weak. Instead of the jobs numbers, look at wages. Holding down pay and depressing middle-class living standards
- A banner time for U.S. banks. For the first time since the Fed started stress-testing big banks in 2009, they all passed the minimum capital requirements. Having enough capital to absorb losses during a sharp and prolonged economic downturn
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