The new bull market started in 2003 but it cannot outpace the money that is available. There are huge amounts needed to keep the oil/energy/metals supplies flowing so that is the first priority rather than overt consumption. A pull back in consumption will allow the supply chain to catch up without too much inflation. A fall back to long term moving averages is required before a continuation of the bull.
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The new bull market started in 2003 but it cannot outpace the...
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