The 2010 Commodity Bubble

Over the past several decades, the world financial system has produced a seemingly endless series of bubbles.  For example, there was the “dot com bubble”, the “housing bubble” and the “yen carry trade”.  So what bubbles are being created currently?  Well, nobody wants much real estate right now and investors are still a bit wary of the stock market.  Instead, money has been flooding into U.S. Treasuries and into commodities.  In 2010, agricultural commodities have been going crazy, precious metals have been setting records and even the price of oil is now starting to move up.  All over the globe, there is a growing lack of trust in paper currencies, and that is helping to fuel the move towards commodities.  Unfortunately, “the 2010 commodity bubble” is going to have a very real impact on American consumers.  As the prices of wheat, corn, pork and oil continue to rise on world markets, it is inevitable that those price increases will be passed on to the rest of us.  (Read More...)

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