Commodities beholden to money-pumping still, but beware the ideologies …
Keynesians have become so determined to stimulate growth at all costs that they seek to control aggregate demand which imposes economic bubbles, malinvestment, inflation and artificial wealth on an economy; they continue to operate under and ideology that assumedly “cares” for the standard of living, even though the policies are a net negative on the economy over the long run.
Ideology is important just like fire is important. Similarly, ideology is dangerous just like fire is dangerous.
Markets are not immune to ideology either. Hedge funds have taken on a specialization that requires they position in a way that justifies their existence even if their analysis go against said existence.
Commodities Essential. 22 December 2011
No new recommendations or adjustments at this time.