Betting on Deflation May Be a Huge Mistake. Here’s Why…….
Submitted by StealthFlation Guest Contributor, Clint Siegner – Money Metals Exchange
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Global Stocks, Futures Dragged Lower By Commodities As Oil Slumps Back Under $37
With just two days left in 2015, the main driver of overnight global stocks and US equity futures remains the most familiar one of all of 2015 - crude oil, which, after its latest torrid bounce yesterday has resumed the familiar "yoyo" mode, and again stumbled dropping below $37 on yesterday's surprising API 2.9 million crude inventory build, as well several more long-term "forecasts" by OPEC members, with Kuwait now budgeting for $30 oil, while Venezuela's Maduro said the oil price fell to $28/bbl and is "headed downward."