When the price of gold rises, it’s a pretty sure sign that inflation is on the way — but the government hasn’t collected enough data yet to make it official.
When stocks collapse and stay there, you can bet we’re in a recession — no matter what the Treasury Department predicted this quarter’s GDP would be.
Market forces, working impersonally and without “intelligent design,” can give you a pretty good glimpse at the future.
Now AP reports that crude oil prices have hit their peak since we woke up at war last September. And that, my friends, should tell you that there’s some new instability coming in the Middle East.