Dull Tuesday trade as we need to be focusing on getting the crop in so the computers have less eyes to bait in. Corn up a penny, 677 1/2 and rice gains a cent as well, 1734. Wheat slips 1 1/2 to 698 and beans up 2 1/4 to 1519 1/4, like a moth to light with the Friday expiring 1520 options. Dow off 5 points, 34,124, and bonds bounce 9 tics, 131.01. A few more of the TV talking heads are now willing to say out loud the 2% inflation threshold of the Fed can be adjusted up, at least for the short term. The less the Fed has to bully, the less likely we are to get forced into depression. The real only way out of the massive public debt the whole world has accrued is inflation. You don't have to be an economist to figure that out, but they also don't want to talk about the elephant in the room.
Comments are closed.