CRB Index of Industrial Raw Materials
The CRB: Index of Industrial Raw Materials hit a new cyclical high yesterday.
Daily CRB: index of industrial raw materials.
This does not include energy and/or foodstuffs.
It is an outstanding leading-concurrent indicator of oil prices and world economic growth.
Spencer these reality based, data infused posts explain why I don’t come around anymore. Sure I tried to warn Dan off of Mike, Linda, Rebecca, you and Kash but that guy just doesn’t listen. Oh and yeah Ken and Robert. Like facts mean something.
You could have at least included some kind of chart as a proxy for growth, like say industral production. Here is one, with a catch. Showing a causal agent for both.
http://wallstreetexaminer.com/2011/03/24/the-fed-didnt-do-it-crowd-left-out-the-missing-link/