It is That DIY Get together time! Oil is pegged to the dollar and the greenback is hitting historic lows against most major economies including Euros, Yuan, Yen, and the Canadian greenback, and Actual. We’ve pumped 1.2 trillion of liquidity into the markets and have no plan to cease anytime soon. From what I’ve learn (which is fairly minimial), world consumption of oil is definitely down while world manufacturing is generally flat. My perception is that we’re seeing a commodity correction due to fiscal uncertainty brought on by borrowing at a fee the world has never seen and does not know the way to quantify.
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