U.S. investors should welcome, not fear, climbing commodity prices.
The increases are “largely a reflection of the fact that the pace of economic growth, particularly in the U.S., has picked up,” saidNariman Behravesh, chief economist at consultants IHS in Lexington, Massachusetts, and a former Federal Reserve official who has been covering the global economy for more than 35 years. “It’s not something to be worried about.”
http://www.bloomberg.com/news/2011-01-19/commodity-boom-signals-u-s-accelerating-with-corporate-america-benefiting.html
“It’s not something to be worried about.” REALLY?!?
Tell that to the people on food stamps and the unemployed or those who are retired and fear losing their pensions, and what will happen when the dollar is no longer pegged to commodities. There is no job growth they are just counting less people as unemployed. When your unemployment benefits run out they no longer count you as unemployed.
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