2021-12-23

Crude is Everything

Everything comes down to whether crude repeats the pattern since 2008. If crude tumbles, it's still the post-2008 trap where QE only makes asset prices rise. If crude breaks the pattern and goes higher, QE will make commodities rise and financial assets go down. The Fed and USG want the pattern to repeat. If the pattern doesn't repeat, everything changes.

No comments:

Post a Comment