Friday, March 8, 2013

Equity/ Commodity Decoupling

Charts above captures a broad-based decoupling of baseline equity growth vs commodities. Which is doubly strange as in a zero interest world, the commodities carry costs are minimal and has lot more capacity to absorb downward price pressure. A genuine decoupling setting the stage for a correction? or a advancement of technology where commodities are less relevant to global growth? 

Hard to argue for a sudden great leap in technology where "best minds of the generations are thinking about how to make people click ads"

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