Home › Forums › Financial Markets/Economics › Now tell me the Fed is not causing the current commodity crisis. › That was the point of
That was the point of presenting this plot. It shows that demand may not be a major driver in current pricing.
How does more than a doubling of crude prices in a 9 month period demonstrate fundamentals?
Chindia’s consumption hasn’t gone up that much and if it has then we’ll be seeing $400 a barrel in about a year at that rate.
I can plot the Fed liquidity input vs. USO and the argument for an Oil price bubble gets even more blatant.
