Could somebody please tell the commodity price party to keep the noise down-the U.S. economy is trying to sleep. The Reuters/Jefferies CRB Future Price Index for Commodities came within a heartbeat of establishing another record high this week, led by $116 oil. While it’s tempting, to dismiss the persistent commodity surge as speculative, the inconvenient counter-point to that theory is that many non-exchange traded prices are ramping up even more quickly (e.g..iron, potash). Is it possible that while the bulk of the financial world was busy navel-gazing at the “worst crisis since the depression”, it may have overlooked a potentially bigger and more lasting problem hurtling down the mountain i.e. raging global inflation pressures?
Many have been calling for a softening U.S. economy to undercut strong commodity prices. It’s increasingly looking like those tables have been turned-persistently strong commodities are threatening to further undercut a struggling US economy. That is, the ongoing strength in food and oil prices themselves will act as an added drag on U.S. growth, by sapping consumer spending power. The challenge for the global economy would be if commodity prices kept rising even if the US$ begins to find firm footing.
http://www.forexforexforexforex.com
Related Websites - It Was Only A Matter of Time: Oil Hits All Time High Oil prices are just ridiculous! Oil futures jumped to a new record close of $90.46 a barrel Thursday on news that OPEC production increases aren't coming as fast as expected and that the cartel won't announce new output quotas when...
- Heavenly Mountain Resort, Stateline, CA Heavenly Mountain Resort is located in: Stateline, CA Phone: (775) 586-7000 Website: http://www.skiheavenly.com/ About the Resort: This is one of the most popular resorts in Lake Tahoe and all of California. The resort just spent half a billion dollars in...
- What to do Before You Sell Coin Collection Collecting coins is a great way for you to be able to make the most out of a hobby which is about as old as coins themselves. There are a few different stages most people go through when they have...
- Weekend Personal Finance Review Here are some articles that I liked from around the personal finance blogosphere. Binary Dollar gives some basics of Home Equity Line of Credits (HELOCs) and Taxes. I have a HELOC and I didn't know half of these things. Ben...