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| im a big boy futures trader:)
1. look at the dollar after that jobs #... UP!!!!!!!!!! you cant have a better tell than that
2.-17k jobs
3. gasoline demand at 2 year lows
4.XOM record profits in a recession(how long do you honestly think that will stand with joe sixpack?
5.oil has been solely supported by 1, a super weak dollar 2. economic expansion. now seriously ask yourself does this still hold water?
all of these add up to the chinese going back to eating rice and the indians eating curry if i can try to make a visual.
now as this all relates to grains... ALLBAD. i swear ive seen 10 specials on tv recently about food inflation, farmers buying new tractors, livestock farmers going out of business. grain inflation causing 700 mil in kelloggs losses. do you think for one second theyre going to try and pass this on to the public? maybe for a few months, then the real #$$ hits the fan. and the bond vigilantes come out and correct the rates to where they should be
we are in STAGFLATION right now. | |
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-17k jobs! LOL
