Gregor Weekly Macro Note: Saturday 31 October 2009
- Gregor Macdonald
- October 31st, 2009
One wonders that 80.00 dollar oil was indeed the breaking point, to a US economy struggling with collapse, depression, and 17% unemployment. There appears to have been a confluence of events and indicators in October that suggest reflationary policy finally kicked energy prices high enough, to then trigger the next bout of deflation. The question remains, however: how will the US currency behave in each successive round of deflation, as we slide down the descending wedge of the burst credit bubble?
In last week’s MacroTwits show and also in last week’s Macro Note, I allowed myself a rare bit of certitude: I stated unequivocally that US residential housing…(this article continues for subscribers through the membership gateway, on the right side of this page)…{+}
This article is available to StockTwits Premium Members only.
Already a member? Sign in here.
Tickers: GDX, gold, Housing, liquidity, silver, unemployment, USD, volatility
blog comments powered by Disqus-
Gregor Macdonald has spent this decade researching and investing in the energy sector, using a macro approach. He also runs an energy and economics blog. More »
Follow me on: Twitter and StockTwits
-
Not A StockTwits Premium Member?
Premium members gain access to
exclusive content.
-
- StockTwits Desktop
-
Loading...
-
Archives
-
Tag Cloud
WP Cumulus Flash tag cloud by Roy Tanck and Luke Morton requires Flash Player 9 or better.
-