JasonC

The Market Hates Mosaic: Phosphates Not Up to Snuff

Look at a 5 year chart. This is another bubble bet on hyperinflation that is busting out, comprehensively, as it becomes clear the endgame is deflation not inflation, and the economy is going into recession. None of these huge speculative commodity price increases is going to stick. Not one. Prices for everything are going to fall to 2004 levels or below, just like real estate prices will. The end of the world crowd bet on hyperinflation but somebody forgot to tell the Fed, and it isn't there.