curious cat

Is the Commodity Bull Market Over?

dear tom,

what happens when they give a boom and no one comes? people in every country have to eat, but after that, they will buy only if the price is right. our buyers are fast disappearing and we have a lot of wealth in this country. it's possible that other countries will subsidize their buyers, the way china does, but eventually people cut back and prices go down. this commodity boom is a bubble, wait until you see the unemployment rates go up and your relatives start begging for loans. at that point, they won't be able to give copper away. you can buy some then. when bushels of corn are $2.00 again, you can buy corn, when rice is being thrown at weddings, ....