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A September to remember
Thursday, September 27, 2007
There is one day left in the month and anything could happen, but this has certainly been a September to remember for commodity prices. It's a good thing inflation is so low, otherwise, these soaring prices would be killing us.
The chart above shows commodity prices as of a few moments ago - if only there were a way to invest in commodities...
8 comments:
"It's a good thing inflation is so low, otherwise, these soaring prices would be killing us."
What the hell are you talking about?
Uh, it's a joke. Kind of complicated to explain - you'll have to figure it out on your own.
i like your joke, tim, good one. :)
get automated email notification of Ben Bernanke helicopter money drops. Today FED dropped 38 billion:
Temporary OMO: Fed adds $5.00 billion with overnight RP
Temporary OMO: Fed adds $7.00 billion 4 day RP
Temporary OMO: Fed adds $20.00 billion with 7 day RP
Temporary OMO: Fed adds $6.00 billion with 14 day RP
You can subscribe to email notification at NY FED website.
I have to admit - I'm not sure what the "2006" column means. Is that the delta from now back to Dec 2006? The change from two years ago in 2005 to 1 year ago in 2006 ?
2006 column is for the year 2006. Other columns are change from last week (9/21), last month (8/31), and last year (12/31/2006).
Anon 4:23,
You are aware that $49bn expired today right? For a net drain of $11bn. I'm sure it was just an oversight you forgot to mention that.
But I will give you that for the week it looks like a fairly large net add.
Don't worry, as long as those new, crispy dollars are chasing more-and-more cheap Chinese manufactures, we can have our "low inflation" and eat it too. It's a "new economy".
Oh, and perpetual motion technology will also solve Peak Oil.
;-)
-Vespucian
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