As I said in this morning's "
Stocks and Gasoline Love Quantitative Easing":
Here at r=1.00 Group we believe...
From MarketBeat:
Some fights are as easy to pick as walking into a Boston bar wearing a Yankee cap.
On Wall Street, the flashpoints are different but the idea is the
same – certain topics don’t leave many people sitting on the fence. So
it’s particularly interesting to see Morgan Stanley’s take on one heated
and still-relevant debate: How much of an impact does loose monetary
policy have on asset values?
The bank’s view, at least as it pertains to commodities: Not so much.
The fact that raw materials like industrial metals and agricultural
commodities haven’t soared as high as global equities since October is
evidence, Morgan Stanley analysts said in a research note late Thursday,
that “unconventional monetary stimulus is less inflationary than (some)
suppose.” [Gold is an exception, said Greg Peters, chief cross-asset
strategist at Morgan Stanley and lead analyst on the note, because it
benefited from moves that threatened to erode the value of paper
currency]....MORE
