Any questions or fears anyone had about the correction in the natural resources these past weeks should give a sigh of relief that we are still on the right side of this inflation.
The feds announced another 75 billion of toxic mortgages magically transformed into gov. obligations (cute way of saying taxpayers will pay for this).
Once again the feds are sending clear message that inflation is secondary to stopping the banking hemmorhage. So I myself am more confident of the long natural resources and short the dollar mantra for the time being.
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