What fools we were for believing that supply and demand, government mandates for corn based ethanol, and a national policy to turn the US dollar into toilet paper have been contributing factors to this historic commodity bull run.
I look forward to the next chapter in government intervention, where our federal and state heroes take a bad problem and make it considerably worse by meddling in an issue in which they have no clue.
There are, however, a few rogue information sources that do not yet believe that evil speculators are the sources of all our worldly problems. I encourage you to take a look at these articles while you still can, before they are wiped froodity speculators, commm existence in the name of homeland security.
- Money Morning: A New Wave of Congressionally Mandated Profits is Just Around the Corner
- Financial Times: Monetary Policy and the Commodity Rally
- (FT.com tip: If you stumble upon a page that asks you to register, just change the word "false" to "true" in the hyperlink)