Commodities Bubble?
June 18, 2008 4:53 PM Subscribe
Here is a very balanced perspective on what could be driving the gas and food prices up. Answers few questions but give some idea.
Is Another Bubble Behind Soaring Gas, Food Prices?
First, there was the dot-com bubble, when wads of investor cash made millionaires out of pimply teens seemingly overnight. When that burst, investors sought safety in housing, lulled by the false conventional wisdom that "real estate never goes down." We all know how that turned out. Now, as Americans feel their pocketbooks pinched by skyrocketing fuel and food costs, lawmakers on Capitol Hill have been holding a raft of hearings into whether speculative frenzy is once again to blame.
Is Another Bubble Behind Soaring Gas, Food Prices?
First, there was the dot-com bubble, when wads of investor cash made millionaires out of pimply teens seemingly overnight. When that burst, investors sought safety in housing, lulled by the false conventional wisdom that "real estate never goes down." We all know how that turned out. Now, as Americans feel their pocketbooks pinched by skyrocketing fuel and food costs, lawmakers on Capitol Hill have been holding a raft of hearings into whether speculative frenzy is once again to blame.
This post was deleted for the following reason: God bless NPR and all that, but this is a single link to a very short writeup. Seems pretty thin. -- cortex
Might want to link to this recent FPP and this one. Lots of great resources and analysis in those.
posted by bumpkin at 5:08 PM on June 18, 2008
posted by bumpkin at 5:08 PM on June 18, 2008
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posted by Divine_Wino at 5:07 PM on June 18, 2008 [1 favorite]