Friday, March 4, 2011

energy watch 03-04

If you were on a desert island and all you had to look at was a chart of ag index prices ( https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbMmgs_J6pbNrgvlpZKSkAzyC00Kc6lUQ47U2OAYgP7UnJrECKYK0MEYfEfFng9DzE4WEJIcbTIuOyNpIleygm73COAZY8g35_9BZ3trQLGfDKG4_cTw4vUfcVedh4bv7WDNFqn2UC_XlM/s1600/0303rja.PNG  ) and energy you might guess there was inflation.  Of course, we know that is not true - the government tells us so.

What we do know is there has been inflation of these indexes.  Of course it appears we may be in for a temporary reprieve and get a short term pullback in these.  Take a look at energy:

Gl traders.  Do your own analysis.

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