Mark McHugh

The Burst Commodities Bubble

Felix,

I read you often enough to know you don't believe that commodities was a bubble. You're just baiting the hook.

Good comments

Too Much Money Chasing Too Few Commodities

Great article Gary,

One small point that I would sort-of disagree with is about wages. The American worker doesn't have much pricing power right now (partly because the government can't calculate employment right either). So the impact of monetary policy is pretty much a wage-cut for most Americans.

Another thing that's been bothering me lately is the way we externalize groups of Americans. Will we ever figure out that there's a great deal of overlap when talking about "consumers", "sub-prime borrowers" and "wage earners"?