market ace

Roubini: Commodities Due for a Correction

Maybe Roubini got it right on the financial crisis, but now he is just taking advantage of that and shooting off his mouth without much real knowledge of what is happening or going to happen, like the typical econ professor that he is.

Apparently the world moves to fast for him to comprehend with statements like it will take decades to kill the dollar as the world's reserve currency when our gov't is pushing so hard to devalue it and the rest of the world is sick of our deficits amd QE and has the power to kill it whenever they choose.

Does he really think commodity position limits would stop speculation when all that will do is move trading to other foreign markets.

As usual he has no concept of gold as money and hangs his hat only on supply and demand.and even ignores the devaluation of the US dollar, the Chinese demand and the huge shorts held by US banks that need to be unwound.

Roubini has had his day and should now shut up and crawl back in his black hole