Rising commodity prices-CRB index (high inflation) are generally indicative of economic growth, which results in higher interest rates and lower bond price ( higher bond yield)
CRB INDEX tesing critical support at 176.721. This level separates the last Bulls from the Bears. If it fails at any point by more than 10 pips it will turn already poor technicals even more bearish and signal another significant down-wave across most complexes associated with this index has begun.
Judge by the level of commodities indexes and oil price correction depth level, we already had a financial crisis.
now fiscal stimulus and QE can serve as a ICU, cover the real situation of a person.
