The FED’s Deflation Battle
The market turmoil that was started with QE3 in September 2012 has a long tail. In May 2011 the (most available commodity tracking information) the DBC ETF had its rebound high from the 2008 decline. Since then the decline accelerated down in July 2014.
Janet Yellen tells us the decline is over. How does she know that? The funny money that flooded the Globe over the past 3 years has done nothing but increase commodity supply, demand from the ultimate consumer did not get much of that money.
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