Hurricanes in the Atlantic theory applies too. A Threat to shut down Gulf oil
rigs, whose count is way down now, compared to years ago. So just thought I would mention this, in fairness to my conspiracy theory that "they" need OIL
and all commodities
to go up to spark inflation
, to fight off deflation, so they can raise rates (maybe in October is my guess, depends on whether we get inflation
increases in the news media). October is a compromise, because the "inflation" effects of higher oil
will not be felt yet (for September rate increase justification), and waiting until December would seem like they are too market effected by their decisions (AKA pride). So if they delay and don't hike in September, oil
goes higher, dollar comes down a bit. But watching the profit takers, and whether they take profit after Erica is no longer a threat. The current gap may be the consildation period, a few days.