homan

The Coming Economic Collapse, Part 1

The great thing about economic analysis is that nothing can proved or falsified. Therefore the most convincing storyteller or pied pipper leads the rats to there demise. No way to prove your point since you can not isolate variables and test them experimenally great tall tale. You could very easily say that USA enjoyed an exaggerated standardof living as the only superpower after Ww2 and know competion has diminshes our standard of living either way you can never prove anything

Why Is Oil Creeping Back Up?

More likely proof if the monetary theory of inflation, dollar in free fall all commodities are up. Go chart oil vs gld or the crb and you get a diff read. By the way manny academic studies have shown that commiduites that trade on exchanges trade with more vol and at higher prices. At any rate the monetary theory of inflation explains oil prices and other commidity prices not fundementals. Fundementally oil output has quadrupled since 1973 and people still call for peak oil not understanding the effects of technology.

Supply and Demand Have Little Relevance in Commodities Prices

All markets anticipate future action, that being said markets overshoot up and down and speculators definetly pile on when there is a live market. The narrative is really just a story told to suck investors into the market. The dot com buble, housing buble, and comodity buble each had a story after all every good product finacial or physical has to be sold with a convincing story buyer be ware.