Burst Bubble? Commodities' Long-Term Story Remains Intact [View article]
High powered money has not been growing. It has been stagnant. And recession is deflationary, not inflationary. Plus the market expected a 1.0% cut, not .75%. U.S. demand has dropped. Look at oil service stocks (OIH). it had been dropping for a while during the most recent leg of the oil upsurge. Basically, it called bukllshit on $110 oil, and for good reason.
Burst Bubble? Commodities' Long-Term Story Remains Intact [View article]