The market got rattled the end of last week by the mainstream media’s reorganization the a ”war with Iran could be imminent” .Well hey guys welcome to the party nice of you to notice it has only been 3 years that I started warning that when it comes to terrorism all roads lead to Iran. Regime change in Iran is in the cards weather it is preceded by an external or internal event and that is it.
The second issue affecting the market is the continued rally in commodity prices which implies higher risk and inflation. Well the risk of a war with Iran is about the same as it has been anytime in the last several years and despite continued commodity price increases there seems to be little on no inflation; productivity continues to out pace prices keeping a lid on prices. But and this is a big But, inflation as well as deflation has a tendency to bubble up and suddenly fall upon us.
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