True!!!!
Where's QE3?
Items that i am buying are still going up. I look without any luck for cheaper prices. Think gasoline, tires, food, etc.
False!!! The best guide on Earth lies in inflation, and that factual evidence tells all.
The Dollar is going to hell.
In a normal world, Schilling might be right. But commodities are the last refuge to fight inflation. Where can those investments run too? Certainly not financials.
Maybe, maybe not.
The river bottoms here are still flooded and it's July. The crops still aren't in. Maybe it is better elsewhere, but we're going to run out of growing season. For much of the farmland near the Missouri River it's the same. The Souris is dropping slowly, but there are still 4000 homes in the water, most were out of the 100 year flood plain, many outside of the 500 year flood plain. That's going to dent the Durum crop as well.
Lets see now...the earth’s population is going to reach 7 billion people this year (it was 1 billion in the mid-1800’s), governments are printing money in order to bail out their economies and billions of Chindians (Chinese and Indians) are moving from 19th century lifestyles to 21st century lifestyles. That doesn’t sound like the environment for a collapse of commodity prices. Is it possible that Gary wants to pick up a few “shillings” on gullible sellers in the commodity markets?
If the whole world had a 20% MMR, the price of many commodities would probably be 15-20% lower. Crude oil, in my opinion, should be in the US$65 to US$70 per barrel range right now.
Not according to this;
As I often do, I found the comments of the readers to be more interesting than the piece itself.
And a little depressing. Some pretty ignorant loons out there.
A little history would instructive if people would look at it.
One of the biggest collapses in oil prices occurred when a conservative President presided over two things. He eliminated price controls on oil and gas, and did not stand in the way of exploration and drilling. And the evil oil industry drilled and pumped its way into a price collapse. Kind of puts the lie to all the conspiracy theories of the left.
My point is that, though there are obviously many variables in the mix, like most things it’s just not that complicated.
IMO, many of today’s problems are made out to be much more complicated than they really are. And the reason for that is also not too complicated.
Simple solutions are not necessarily *easy*. So instead we make things complicated because no one wants to make the hard choices. Add a few evil straw men into the mix and bingo, we are no longer responsible for our own mess.