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A Look at the Respective Rallies in Tech, Housing and Oil

The tech bubble was just a pure speculation. There was no real substance under it.

The present housing bubble was a child of excessive greed and a big fraud on a part of the Wall Street and securities rating agencies. The government and the Congress also made a major contribution to the problem.

Now, we come to a commodities "bubble". Well, the Feds and the Treasury are printing money as crazy trying to solve financial and housing problems through inflation. However, the commodities are the real stuff. Their is no way it can be "printed".

Consequently, the is no commodity bubble now yet. The commodities prices just reflect the present inflation adjusted prices. Please note the commodities prices are much more inflated in US$ and than in euros.