West Central Alberta Coldest, wettest edge | And If you check back, all of Oils run up in price happened during the credit expansion which fueled every other asset class into a bubble too. Since deflation started, along with the credit contraction, oil has lost nearly half of its value. The bulk of Golds increase also happened at the same time, it has mostly just tread water since then. That is the nature of economic cycles. With inflation being the predominant force as you noted, but it doesn't go in a straight line. A credit based economy only works with inflation. Hence the panic in recent times when inflation stopped. |
Is inflaton coming?
