Currencies, Oil, gold, stocks and bonds. Everything is in flux at the moment and markets have the feel of being ‘toppy.’ Things could get really bumpy over the next few months.
by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity
This week Paul Kiker and I discuss the historical fact that it’s only after the Fed starts cutting rates that the equity markets take a tumble. As they say, It ain’t over until the Fed funds sink!
Also, more and more oil-savvy people are beginning to note that the oil markets seem to be under some form of manipulation designed to drive prices lower. Why? Probably for political reasons.
Or, possibly, oil is weak because there’s a rip-roaring recession on the way that will dent demand. Either way, oil is not at a constructive price to deliver future supplies.