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2008-10-01 Home Front: WoT

Commodity price falls sharpest for half century

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Posted by lotp 2008-10-01 14:07|| || Front Page|| [6 views ] Top

#1 This is where the nutrients will hit the ventilator.

Posted by Nimble Spemble 2008-10-01 15:28|| 2008-10-01 15:28|| Front Page Top

#2 No surprise here. Prior to that, they've had the sharpest gains for half-a-century.

Posted by Zhang Fei 2008-10-01 15:31|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-10-01 15:31|| Front Page Top

#3 World commodities prices have to fall a lot more. The US can't continue to run a trade deficit of $7-800 billion/year. Either the US earns those dollars back or the dollar heads for sustained devaluation.

Posted by ed 2008-10-01 16:04|| 2008-10-01 16:04|| Front Page Top

#4 I think you're right, nobody wants to answer the question of where we call the line on borrowing. We are living on credit and digging the hole deeper every day. They are going through money like drunken sailors in D.C. and now they want to add $700B to the tab, actually, with add-ons, its already over a trillion.

Posted by bigjim-ky 2008-10-01 16:08|| 2008-10-01 16:08|| Front Page Top

#5 Readw deficits don't matter. It's a global economy. A global trade deficit would matter, but that's not possibly since everyones deficit and surplus balance each others out.

Posted by Mike N. 2008-10-01 16:15|| 2008-10-01 16:15|| Front Page Top

#6 http://www.telegraph.co.uk/finance/businesslatestnews/3068386/SocGen-issues-China-alert-as-fears-mount-on-banks.html

Posted by tep 2008-10-01 17:21|| 2008-10-01 17:21|| Front Page Top

#7 Can we please quit referring to the excessive spending like 'drunken sailors?' besides every time i was in DC i was sober.

Posted by USN, Ret. 2008-10-01 17:47|| 2008-10-01 17:47|| Front Page Top

#8 Mike N, tell that to your credit card company. Or your mortgage lien holder.

Posted by ed 2008-10-01 18:08|| 2008-10-01 18:08|| Front Page Top

#9 Is not a good chunk of the commodity price fall actually the result of an increase in the value of the dollar? As vulnerable as the US economy is, it seems like others must be worse, because their money is 'fleeing' to the US.

Posted by Glenmore">Glenmore 2008-10-01 19:12|| 2008-10-01 19:12|| Front Page Top

#10 Glenmore,

That's still up for discussion. It seems CBs are trying to prop up the dollar as the falling dollar increases inflation.

Posted by Bright Pebbles 2008-10-01 19:25|| 2008-10-01 19:25|| Front Page Top

#11 BTW Look at Septembers new car sales figures.
They are awful!

Posted by Bright Pebbles 2008-10-01 19:25|| 2008-10-01 19:25|| Front Page Top

#12 An individuals credit cards, mortgages etc and national trade deficits are separate issues.

Posted by Mike N. 2008-10-01 20:06|| 2008-10-01 20:06|| Front Page Top

#13 It's all credit. Money is nothing but a promissory note to exchange some tangible asset for that funny piece of paper. Everything seems fine right up to the point the bank issues no more credit/other nations stop accepting your currency for payment.

Posted by ed 2008-10-01 20:38|| 2008-10-01 20:38|| Front Page Top

#14 Pay me in usable ammo, unfired, and I will be happy.

Posted by Alaska Paul 2008-10-01 20:58|| 2008-10-01 20:58|| Front Page Top

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