DURING THE GREAT "RALLY ABOUT NOTHING"...WHEN THE BERNANKE PUT WAS RULING THE MARKETS IN EARLY 2011...OIL STAYED LOW...AND GOLD WAS DRIVEN DOWN...
NOW WITH THE END OF QE2 IS COMING...
THE MARKET IS REVERTING TO MACRO FACTORS...
THE DOLLAR HAS BEEN TRASHED BY BERNANKE...AND THE US ECONOMY IS ESSENTIALLY A ZOMBIE...TOTALLY ADDICTED TO ASSET BUBBLES...THERE IS REALLY NO PRODUCTIVE CAPACITY IN THE US TODAY...
AS THE FOX REPUBLICANS CONTINUE TO IMPOVERISH THE MIDDLE CLASS IN AMERICA...DEMAND WILL FALL...SO CORPORATIONS WILL HAVE A HARDER TIME MAKING OR FAKING THEIR NUMBERS...
CURIOUSLY OIL IS NOT SCARCE...THE WORLD IS AWASH IN OIL...THEY CAN'T EVEN FIND PLACES TO STORE IT...!
SO THE DRIVER BEHIND OIL PRICES ARE...
1. THE DOLLAR... 2. THE US DEPRESSION.. 3. THE FED REFLATION POLICY WHICH HAS IMPACTED ALL COMMODITIES... 4. THE SOCIAL UNREST CONSQUENCES OF HIGHER FOOD PRICES AROUND THE WORLD WHICH FED REFLATION HAS CAUSED...
OIL IS NOT SCARCE...RATHER OIL IS PLAYING CATCH UP TO OTHER COMMODITIES...
STAGFLATION SEEMS THE MOST LIKELY SCENARIO AT HIS POINT...
