I’m wondering if the spare change (inflated dollars) being dumped by the gummint to ‘help the economy’ isn’t going directly into futures / commodities markets, thereby exacerbating the problem. We’re from your government, and we’re here to help ......
Cheap money is going to have an effect somewhere, and commodities are rising at a faster rate than the dollar has declined, so it seems more than likely to me. I've read comments that suggest raising margin requirements would knock quite a bit of the speculation out, to the tune of -$15/bbl or more.
The liquidity from the new recent easy money is going everywhere but where it is needed. Where do you think people are getting the money to bid oil up to $100 a barrel? Same for food and metals. They are the next bubble and BurnYankees chopper cash is fueling them. He may figure that out when the Fed funds rate gets to 0% and banks still refuse to lend to each other from fear, distrust and losses.