2/05/2009

Oh Oh

Some good news: commodity prices seem to have bottomed in November. Since then prices have rallied without testing any bottom. This is good news in that at last an asset class that is not in the death grip of deflation. This goes to the meats too. This is especially good because commodities don't need domestic demand in order to prosper....all bets are off if the fucking Democrats block exports. First sign of a possible recovery? Possibly.

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