My take on the commodity supercycle and stock market zeitgeist...and the new era of precious metals, uranium (just bottoming, btw)and alternate energy. As I have said here since 2005 "Get ready for peak everything, the repricing of the planet and "black swan" markets all over the place".
12 October 2008
HALF the annual US GDP has disappeared in 2 days
There were $US 6.5 TRILLION in global stock market losses on October 6 and 7 as measured by Standard & Poor's BMI Global, an index of the major markets worldwide. This is HALF the annual US GDP which disappeared - in two days - as purchasing power. October 8 and 9 were as bad or worse. -- The Privateer
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