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Rightfield

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Posts: 178
Reply with quote  #1 
The CRB quietly closed at historic lows down over 4.5% last week!

The chart below goes back to 1980 and its not even an inflation adjusted chart!

All this is happening on the eve of the FED poised to tighten monetary policy next week. The market may dismiss the free fall of oil as a problem of supply not demand, but it would seem to me that it can't dismiss the entire commodity complex free fall in equal way.

With Fed funds futures pointing to high odds of the FED going this coming Wednesday, either the Fed has determined that it has a great measure of certitude that global economic growth will resume soon or they are on the verge of committing a grave policy mistake that will reverse many years of monetary groundwork.

Interesting times for sure.


http://stockcharts.com/h-sc/ui?s=%24CRB&p=W&st=1900-1-1&en=(today)&id=p63469135992

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All that happens is symbol, and as it represents itself perfectly, it points to the rest.----GOETHE

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fib_1618

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Posts: 4,454
Reply with quote  #2 
In fact, the CRB Index (no less the DB Commodity Index) closed Friday at its lowest daily, weekly and monthly levels since the United States went off the gold standard in 1972...providing a pretty good case for the deflationary crowd.

Thanks for the post!

Fib

[crb121115]

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