The G20 meet at Seoul highlighted major differences in monetary policy and control of liquidity markets. Whereas US promoted a let loose policy pumping in $600 billion Dollars to boost a sagging growth rate, the super charged commodity markets heated up welcoming the added liquidity. Gold reached an all time high and oil reached the years highest peak at $88 a barrel. Cotton and Wheat too climbed new peaks. Commodity traders realised that the German Finance Minister's observation that the US monetary easing policy was "Clueless" was accurate. Taking cue from the confusion, they drove the markets skywards to essentially what may be one of the harshest winters in terms of price rise.
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