20 2 / 2013


Commodities as a group have been underperforming equities for about six months now. The correlation between the two groups has been grinding lower. Even more important, I think the underperformance of commodities—and by extension emerging markets—will persist for some time.

Hang on. If the…

And that is why they pay him the big bucks. key takeway - there is a fundamental misunderstanding of monetary policy and inflation mechanisms.

  1. naufalsanaullah reblogged this from markdow and added:
    Mark Dow takes an analytical look...monetary policy pathways
  2. alexroseinnes reblogged this from markdow and added:
    big bucks. key takeway - there...fundamental misunderstanding
  3. tprpt reblogged this from markdow
  4. markdow posted this