8/6/08

The markets always win (cont'd)

Commodities are declining. Why?

The global economy, as documented in detail in The Peter Dag Portfolio, has been slowing down for several months. The weakness in demand is now causing commodities to decline. The next development is lower inflation.

The main issue facing the markets in the next cycle is low real interest rates. The markets always win.

More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977

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