Rocky Dennis, Superstar Inflation Analyst
That’s my raw commodity index, year to date. That doesn’t look inflationary anymore, does it? Take that, coupled with the fact that bonds are gapping higher daily, the dry bulk index is at new lows, sub 800, and one could make the argument that we are headed, rather decidedly, into the deflationary vortex of magnified death. You don’t need to take my word for it. Have a look at some three month returns for some of your favorite commodities.
Wheat -23%
Corn -23%
Coffee -21%
Cotton -20%
Uranium -11%
Natural Gas -11%
Death to the farmer. Long live the grocer!
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Do you believe in life after dove?
Wow….nice analysis. That is pretty scary into the teeth of a completed taper and near-term rate rise.
Earnings somehow keep going up though….must be through float reduction.
Lot of share-buyback contributing to higher-eps
That’s after the higher-eps from people-layoff round
of course
It’s all an elaborate scheme to make stock prices go up! This must stop!
music still playin…punch bowl is empty…everyone drinking straight from the bottle…what exit?
so who grows the stuff when the farmer says fuck it and stops?
Corporate Farming. You think the taper from the Fed was something, wait till these guys start tapering food…
Wow, Keith also starred in the movie Mask. He’s so versatile.
Wheat/corn at least returning to “pre drought” levels mainly
Weather interruption is still a big part of this bear’s thesis anyway
DBC explodes tomorrow now, lol. 🙂
Seems the predicitions keep changing on El Nino. Last I read I think it was going to be an El Nino year. Only thing that would give me pause. Softs have dropped in the past couple of months. Don’t expect that trend to change in the immediate future barring act of god type event
Senor Fly. If you have any more thoughts on what the fuck happened today. Pretty sure the Ibankcoin plebs from both sides of the site would really appreciate them. Grandma picked winners by name. What does it mean?
*losers. Winners would be every other asset class on earth. I think.
So janet yellen was right about the inflation noise. Looking forward to another GDP print in the negative 3% range next quarter.