Fed Should Take A Hint From Commodities

If the global economy's holding up -- and I'll readily admit to positing a bit of a straw man there considering most observers see a slowdown -- someone forget to tell crude. And just commodities more generally. I don't typically spend a lot of time editorializing around the mercurial behavior of the world's most financialized commodity, but on Tuesday, Brent sank below $70. That's a meaningful development, particularly to the extent you trouble yourself with the psychology of "round" numbers