18.11.2008 - The liquidity trap and commodity prices
From Guardian: In other circumstances, the Federal Reserve's decision to flood the banking system with excess liquidity would be the precursor to higher growth, inflation and a recovery in commodity prices over the next 2-3 years. But at the moment it looks more like an act of desperation - a belated response after the global economy has fallen off a cliff. Rather than presaging a sharp rise, it highlights there could still be more cyclical downside to commodity prices even after recent steep losses..... Full Article: Source
Print