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Sign of a short-term top in commodities
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Friday, February 05, 2010
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From Mish's Global Economic Trend Analysis:

Last week the LA Times reported the California teachers pension fund is $43 billion short.

... Given there is virtually no chance the legislature will pony up $43 billion, CalSTRS considers rolling the dice on commodities. Hell why not? Taxpayers are on the hook if it does not work out.

The California State Teachers’ Retirement System, the second-biggest U.S. public pension, is considering investments in commodities to boost returns...

Read full article...

More on commodities:

How to safely trade gold AND the dollar

Jim Rogers: "Food prices are going to go through the roof"

Casey Research: How to invest for both higher and lower gold prices

Topics: Government Stupidity | Commodities
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