Another stake driven thru the heart of monetarism; but that thing just will not die...
While everyone obsesses over oil, coal is about to take out its low set during the financial crisis. pic.twitter.com/m3MCHa0Mtv
— Timothy Coulter (@TimothyCoulter2) April 7, 2015
what caused everything to go up in 2007/08?
ReplyDeleteLook at this trend leading up to and during those years Philippe:
ReplyDeletehttp://chartsninja.com/charts/single/6956
Like a stair-step straight up...
And then there was a lot of speculative demand in commodities developing during that same time as leading flows were on fire YoY...
rsp,
Solar demand destruction... lots of petrol used in mining/transport... nat gas competes in electricity gen.... perhaps some other things...
ReplyDeletersp