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

Stagflation or Deflation?

jt,

You can't just casually drop a bombshell like that, "just as an aside." I haven't heard that Rothschild - Central bank connection before. Could you elaborate a little?

Good article James, I think what you've underplayed is that the root causes, both in the 1920's and now, were credit bubbles. Clearly, the credit bubble popped in 1929, and triggered the depression. But today, it would certainly seem to me that the credit bubble is still expanding as bad housing loans morph into US Treasuries (being issued at an unprecedented clip).

What's terrifying to me is that the root cause has yet to be identified by most, let alone dealt with

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"?