The Coming Economic Collapse

This is the title of a new book by Stephen Leeb in which he predicts that the price of oil is going to reach $200 soon. He also gives some stock recommendations. He believes the coming decade will be very similar to the 70-s when stocks did very poorly. So his first stock recommendation is to avoid index investing. "Stay away from index funds, large-cap funds and any other vehicle that mirros the broad market." I guess that includes ETFs that track a broad market index. His other recommendations:
- even worse will be the so-called defensive stocks
- avoid small-cap stocks as well

Investment Jackpots according to Leeb:
- Gold and gold shares
- Oil and oil shares, including oil service companies, in particular.(among them, Shlumberger)
- Real estate
- Companies well positioned to capitalize on growth in China and India such as 3M, Coca-Cola, Procter & Gamble, and Texas Instruments
- Zero-coupon bonds as a hedge against deflation