Weak dollar?
Fear?
finite hard assets vs unlimited paper money
I’m loving my sub 5% 30yr fixed rate mortgage
gonna pay that back with Baraqqi/Bernanke minibucks
At $100 dollars a barrel and heading for $110, the rise in oil prices is hardly “paltry”.
This guy’s selling a book, so he only harps on one of the causes, namely a large increase in speculative volume - but you cannot discount relative currency devaluations and the desire to use commodities as a hedge against such, along with the fact that there is some growth elsewhere in the world, although not nearly enough to ‘justify’ the increases in commodities.
Burning our food and shortening our Oil supply. Also, artificially supporting a renewable energy program that cannot support itself or never will.
Simnple really.
When money is printed, it has to go somewhere. It’s not in the hands of the citizenry, it’s in the hands of the financial world.
And they are speculating with it. Unfortunately we pay the price with higher costs for the things we buy.
” la nina” crops
What else ya gonna put your wealth into? Stocks? Housing? Municipal Bonds? Treasuries with a negative yield??
The perfect storm-weak dollar, higher input costs, higher demand.
Not a commodity boom so much as a dollar bust.