On Mar 21, 2008, at 7:04 PM, 123hop at comcast.net wrote:
> Please add something about the recent deflation in commodities:
> gold, oil, etc. to complete the picture.
There's a little hint: "It may be that the commodity boom has been inflated by speculators, who’ve plunged into these markets when the prospects for financial assets were looking grim. There are some signs that those positions are being unwound, so all those inflationary pressures could soon be receding into history. But for now, the inflationary outlook greatly complicates the Fed’s rescue mission." There may be more unwinding to come.