On Wednesday investors were closely watching the sharp decline in the price of oil trying to better understand why crude is falling so quickly.
Published reports suggested the decline was a referendum on the world economy; the latest
However, strategic investor and top commodities trader Dennis Gartman says the decline is probably about something else.
Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency.
That, Gartman says is a big deal. It means inflation is rampant and starting to take a toll.
“If there’s one thing we know from history it’s that governments are toppled by inflation,” Gartman says. ”It’s one of the chief reasons why governments fall.”