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Re: WinOneGipper post# 8669

Wednesday, 09/12/2007 6:48:48 PM

Wednesday, September 12, 2007 6:48:48 PM

Post# of 9101
Gip, be careful when looking at commodity prices as an inflation indicator. Globalization over the past decade or more has done quite a bit to change that dynamic. Plus, not all commodities are the same, so it's difficult to generalize, but many commodity prices have been driven by speculative price bubbles, rather than basic supply and demand. Additionally, inflation, in my view, if more of a monetary phenomenon than anything else.

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