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Have You Seen This?

Have You Seen This?

  • The Bursting Commodities Bubble

    A steadily growing drumbeat is sounding throughout financial mediadom; a major commodities blowout is in the cards. The most widely quoted reason is a U.S. recession that will sympathetically pop the commodity bubble. It seems to me that these views are intertwined with a changed perception of how the economy works. A new paradigm if you will. People used to pay homage to the notion of a business cycle, a somewhat predictable and even stately progression of economic growth leading to excess, followed by a corrective recession. After which the cycle would begin anew....