Fabulous news. Oil soars, gold soars. Dollar tanks. We are all happy as clams.
Oil would soar even if the CEO of BP America woke up tomorrow morning with a shiny new refinery and oil well in his backyard.
I am happy. Homebuiders are happy. Banks are happy. Homeowners are happy. Stock investors are happy. Lots of happy folks.
More like gold holds it value, oil holds its value, stocks hold their value, dollar tanks. The commodities really aren't going anywhere, it just takes more increasingly worthless dollars to buy them.