I don't know how many of you read zero hedge, which I find essential, but I couldn't see that anyone had yet pointed to this excellent Bud Conrad article:
It's full of great facts and charts and puts together a really interesting argument, but to me the kicker was this chart. I think I can safely post one image from the article under fair use rules so here goes:
As I said, highly recommended. Apols if it was linked here previously and I missed it.
