Thursday, February 03, 2011
FFPI) is up again, as foreseen, and is now at historic highs (some commodities have been this high for months already). It is the highest (in both real and nominal terms) since the index has been backtracked in 1990. Increased volatility, specualtion and price distortion (nothing new really), government interventions, unpredicatable events...well, enough doom and gloom: today the Rabbit Year begins; it is said to be fortunate and things will come more easily; the Metal Rabbit promises to bring peace, joy, calmness and many happy moments...can't see it myself! Maybe it's the Rabbit of Caerbannog!
Posted by Span Ows at 10:20 am