— When I see comments like this, especially from the likes of Jim Cramer (Squawk on the Street, 2/7/20), it gives me pause. — Cramer’s ‘big call’ history is more than a bit spotty. — Flawed as the much-heralded concept of ‘peak oil’ was back in 2008, writing the obituary for thefossil fuels industry may be a bit premature. When…
Tag: commodities
Back up the hearse … Cue the mourners … This market’s toast
When you have the world’s second largest economy ($10.36 trillion GDP) growing at 12% per annum, you are going to have a significant upward tug on commodity prices. It did, and it was China and this was happening in 2006 /2007. In 2009, that all changed as the Chinese government began a concerted effort to…