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Two Profit Plays to Make as the Fed Inflates the Commodities Bubble
U.S. Federal Reserve Chairman Ben S. Bernanke ignored the warnings of most economists last week, and kept the benchmark Federal Funds rate at 2%, far below the actual rate of inflation.
As a result of this non-move, investors can probably look forward to having global commodities boom to continue for at least a while longer.
Here’s why.
Genesis of a Commodities Boom
Although the overall commodities boom has been under way for a number of years, prices didn’t just move up in a straight line: There have been long stretches during which prices advanced sharply, followed by short stretches of volatile prices reversals.
The…
2Jul2008 | Money Morning | Comments Off | Continued
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