On Jan 15, 2008, at 9:18 AM, Jim Devine wrote:
The New York Times / January 15, 2008 12:30 AM
Business / World Business: Commodities' Relentless Surge
By CLIFFORD KRAUSS
A global boom in the cost of commodities, the staple
ingredients of a modern economy, is entering its sixth year
with no end in sight.
Full Story:
http://select.nytimes.com/mem/tnt.html?emc=tnt&tntget=2008/01/15/
business/worldbusiness/15commodities.html&tntemail0=y
is this the bubble which will replace the housing bubble, in response
to the Fed's rate cuts?
If we're six years into it, it's probably closer to its end than its
beginning. A U.S. recession would probably take a lot of the heat off
commodity prices. Besides, if the NYT says there's "no end in sight,"
there's a school of thought that would argue that that declaration
itself is the first sight of the end.
Doug
