Stagflation may be returning (discussed in the attached article). 30 years ago, the US economy had the unusual combination of high inflation while the economy declined and unemployment rates were at extraordinary levels. Conditions aren't quite the same today, but commodity prices keep going up. Besides oil & gold, among others, agricultural commodities (corn, wheat & soybeans) are at record levels.
In the very early Wed markets, Japan & Australia are up following the lead from NY markets.
No comments:
Post a Comment