Investing in a Resource-Constrained World (Part III) [View article]
A Bubble is not a bubble until after the fact.
Copper supplies worldwide are roughly 3 1/2 days....Is this a Bubble? Other commodities suffer from similar constraints with oil just barely meeting demand.
So, say in 6-12 months, when the US recovery starts, will that be considered a new Bull market in Commodities or a resumption of the so-called "Bubble"? This is common sense not some sort of headline grab idea.
Another thing to consider is that we are only talking about exchange traded commodities. These are up about 250% on average. None exchange traded commodities are up some 500-600%.
PS There are something like 50 TRILLION worth of Credit Default Swaps waiting to be settled worldwide. These involve the Developed Countries primarily. Do you want to hold hard assets? Really?
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A Bubble is not a bubble until after the fact.
Apr 02 11:59 am
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All Comments by NOWHEREMAN »Investing in a Resource-Constrained World (Part III) [View article]
Copper supplies worldwide are roughly 3 1/2 days....Is this a Bubble? Other commodities suffer from similar constraints with oil just barely meeting demand.
So, say in 6-12 months, when the US recovery starts, will that be considered a new Bull market in Commodities or a resumption of the so-called "Bubble"? This is common sense not some sort of headline grab idea.
Another thing to consider is that we are only talking about exchange traded commodities. These are up about 250% on average. None exchange traded commodities are up some 500-600%.
PS There are something like 50 TRILLION worth of Credit Default Swaps waiting to be settled worldwide.
These involve the Developed Countries primarily. Do you want to hold hard assets? Really?