EVERY DAY WE WAKE UP hoping for good economic news: lower
unemployment numbers, more jobs created, stronger growth. But we
miss the forest for the trees. Our markets, for the past 100 years,
have been engulfed in perennial financial crises.
Many of these crises have been associated with major Federal Reserve credit expansions and contractions. Upon examination, these volatile market episodes almost always lead to major moves in non-durable commodities, primarily oil and food.
But first, some historical background.
Read more: http://spectator.org/archives/2012/12/03/money-and-oil
Many of these crises have been associated with major Federal Reserve credit expansions and contractions. Upon examination, these volatile market episodes almost always lead to major moves in non-durable commodities, primarily oil and food.
But first, some historical background.
Read more: http://spectator.org/archives/2012/12/03/money-and-oil
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