http://pragcap.com/the-biggest-bubble-of-all-time
The article has a rather chilling end:
'No matter what the triggering event is, that commodities nuclear winter will happen.
Soon.
Sooner than later'.
The biggest bubble of all time?
Interesting article. With so much uncertainty and complicated issues in the economy it's hard to know what the future will really bring, all anyone can do is their best to protect themselves and make sure that they have a good future regardless
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
I agree that commodity demand may weaken but you have to remember that commodities are measured in dollars and the supply of dollars has increased exponentially since the start of the financial crisis.
Measure commodities in Swiss Francs or Yen or Aussie dollars and the rise hasn't been so spectacular.
The biggest bubble imho is governments bonds (US and UK especially).
Measure commodities in Swiss Francs or Yen or Aussie dollars and the rise hasn't been so spectacular.
The biggest bubble imho is governments bonds (US and UK especially).
- CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
I'm keen on that view. Commodities are the ultimate asset imho