Monday, August 2, 2010
Phil Flynn: Re Inflation
Yet despite that weakness, the dollar takes a drubbing and despite the potential for weaker demand, commodities just continue to rise. Why might that be happening? Now some think that may be because the Chinese will back off further tightening measures or it may be because they think the Chinese will again put their foot on the economic accelerator. Yet the real reason is that the global economy is again slowing, increasing the odds of dollar devaluation. We are seeing commodities move.....Read the entire article.
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