May 26/14 – Repeating my big mistake of 2013

I want to present a chart outlining my biggest mistake of 2013.

This is a chart of the S&P 500 (yellow line), the CRB Index (white line) and the Fed’s balance sheet (green line).

During 2013 I made a spectacular error in judgement by assuming that as the Fed printed money, inflation would arise in things that the Fed did not want (like energy and food) in…