Some Hopeful Economic Signs
May 1, 2008
Are the new, higher prices for food, oil and metals here to stay? Or are these commodities in the middle of a speculative bubble? Unless you live in Houston, Dubai or Nebraska, you hope its a bubble. Below are two articles that argue these new higher prices aren’t here to stay. Let’s hope they are right.
Could oil mania be coming to an end?
Déjà Vu: The Fed’s Interest Rate Dilemma
It’s interesting to read your comments. I heard a recent interview with a notable economist on NPR the other day. He had the same view point as those expressed in your articles. He likened it to the housing and internet bubbles. It will be interesting to see if investors shift resources away from this area as other opportunities arise. Especially if Hillary or Obama get the nomination and the stock market gains value due to false promises and grand expectations.