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To: papasmurf
I don't really view it as that much of a problem. We are spoiled to cheap energy in this country and oil is merely another commodity.

Here's what copper has done in the last five years:

If you look, other commodities have done the same.

6 posted on 04/13/2008 11:00:19 AM PDT by SouthTexas (If you are not living on the edge, you are taking up too much space!)
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To: SouthTexas

I don’t imagine many other FReepers will see it as a crisis, either. That’s the result of most FReepers being smarter than the average Yogi bear. :)


11 posted on 04/13/2008 11:14:50 AM PDT by papasmurf (Unless I post a link to resource, what I post is opinion, rergardless of how I spin it.)
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To: SouthTexas
If you look, other commodities have done the same.

Because the Fed is holding interest rates below real inflation. Once the Fed makes interest rates match or exceed real inflation, investors will move back to cash and stocks from commodities. If the Fed overshoots (which probably will happen), then investors will push for cash investments more exclusively, causing problems in stock, real estate, and commodities markets.

75 posted on 04/14/2008 11:29:57 AM PDT by dan1123 (If you want to find a person's true religion, ask them what makes them a "good person".)
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