Commodities: On the Downhill Slope? [View article]
In order for the commodity "bubble" to continue, the dollar must continue to drop. I dont see that happening. The commodities have been in a 8 year bull. Nothing goes in the same direction forever.
The commodity bull was caused by a weak dollar. A real increase in prices could only be caused by a roaring economy. I dont see it.
This has nothing in common with the 1970s (stagflation). We are in deflation this time like Japan in 1990s.
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In order for the commodity "bubble" to continue, the dollar must continue to drop. I dont see that happening. The commodities have been in a 8 year bull. Nothing goes in the same direction forever.
Aug 06 11:08 am
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All Comments by CLH »Commodities: On the Downhill Slope? [View article]
The commodity bull was caused by a weak dollar. A real increase in prices could only be caused by a roaring economy. I dont see it.
This has nothing in common with the 1970s (stagflation). We are in deflation this time like Japan in 1990s.