Wed 21 May 2008
[Technorati] Tag results for commodities wrote an interesting post today on
Here’s a quick excerpt
Fed Vice Chairman Donald L. Kohn in a speech yesterday, addressed a theory to which I am partial: the theory that low real interest rates have been a factor behind the continued rise in prices of agricultural and mineral commodities, including oil, over the last year. (Speech at the National Conference on Public Employee Retirement Systems, New Orleans, Louisiana, May 20, 2008). Excerpt: “Some observers have questioned whether the news on fundamentals affecting supply and demand in
Read the rest of this great post here
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