“You Can Print Money, But Not Oil To Heat Or Wheat To Eat”

• “You Can Print Money, But Not Oil To Heat Or Wheat To Eat”
  by PORTFOLIO ARMOR, https://www.zerohedge.com/
  Zoltan Strikes Again
  ZeroHedge premium subscribers will have another note from Credit Suisse’s boy wonder Zoltan Pozsar to savor soon, but Izabella Kaminska, the former editor of the FT’s Alphaville, offered a few excerpts and comments before taking her kid to school this morning in Europe. I’ve included her post in full below, followed by a look at our system’s top names as of Thursday’s close, which happen to include wheat, oil, and other commodity exposure
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  Authored by Izabella Kaminska of The Blind Spot
  “You can print money, but not oil to heat or wheat to eat”
  There’s a new Zoltan Pozsar of Credit Suisse report out… and he starts off by saying: …you can print money, but not oil to heat or wheat to eat.
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  I’m so glad because this rather obvious point seems to be completely missed by economists and analysts for unknown reasons. Nor do they seem to get that just because the commodity market doesn’t match the scale of the bond or equity market that doesn’t mean it is not significantly more important for the world economy than anything else.
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  read more.

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