Wednesday, May 04, 2011

Commodities Take Out Support As Deflation, Economic Slowdown Fears Surge

The "deflationary wave" is taking hold.  Just what the Fed needs in order to get QE3 approval.  Will QE3 happen?  I am in the camp that says it will.  The Fed will do whatever it takes stop deflation, which is exactly what it should not do.  All markets must be cleansed in order for "REAL" economic growth to occur.  The only way that is going to happen is to allow all those toxic assets to be cleansed from the system!

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