Deflationary Boom 2.0, Commodity Index Crashes To 13 Year Lows
The Bloomberg Commodity Index tumbled once again today, hitting its lowest level since 2002. Stocks did not. We have seen this kind of ‘deflationary’ boom before and it did not end well…*)As BofAML somewhat mockingly reflected; It’s a deflationary boom. Nasdaq hits all-time high today; CRB breaking down to 2002 lows. Wall St narrative flips from crash to boom/bubble as […]
