And... CRB Index to 2003 lows.
Wasn't all the $4T of "munnie printing" supposed to cause so-called "inflation"?
Bloomberg Commodity index plunges to lowest since June 1999. https://t.co/pAW4IHShRW pic.twitter.com/UVXmUvZyVT
— Holger Zschaepitz (@Schuldensuehner) December 7, 2015
Yes we are running out of money, now being popularized in movies:
ReplyDeletehttps://modernmoneyaesthetics.wordpress.com/2015/11/22/bond-treasury-bond/
Brad Pitt just made "The Big Short" glorifying all the Wall Street people who made munnie in the crash... thanks Brad you f-ing moron jerk!
ReplyDeleteBut they have been spending/losing all the money they made because they bet on hyperinflation or government bonds being worthless, something that never materialized. Bunch of con artists in hedge funds who fail to beat any indexed fund anyway.
The question in commodities is when are the bankruptcies going to start to take capacity out of the market?
ReplyDeleteThere oughta be a share button just for Neil Wilson's comments (not that he is always right, just always good). Or maybe, Mr. Wilson, put links on your site to your commments on others'.
ReplyDeleteL. Randall Wray, The Biggest Bubble of All Time: Commodities Market Speculation and The Biggest Commodity Bubble of All Time: Response to Critics, Sep 2011.
ReplyDeleteRandy correctly foresaw the euro crisis, the financial crisis, and the commodity bubble.
Dont tell me Tom no mention of OPEC from Wray???
ReplyDeleteOh wait, I know I know, he's under Minsky so "what goes up must come down...."
I can see currecy and bonds as trigger of next meltdown, remember Asian Contagion in 1998, forex market is too big and even FED can't manipulate it
ReplyDeletehttp://www.bloomberg.com/news/articles/2015-12-08/blackstone-to-buy-apartments-from-greystar-in-2-billion-deal
ReplyDeleteThere is inflation in the economy.look at real estate.