Wednesday, February 16, 2011

Time for a halt in commodities?


Attached I've the chart where you can see the ratio of the CCI Index divided by US average hourly earnings private nonfarm payrolls services sa. As you can see the ratio is near its top from June2008 before the cruel sell off. With all the food shortage mumble going around it should be nice to keep this chart in mind...As always when the hype is at its peak markets have the tendency to be ironic...

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