Wednesday, February 20, 2008

GSCI Commodity Index Continues Higher


Commodity prices continue on a roll, per the Goldman Sachs Commodity Index in this chart.

I had a good belly laugh today reading this from an article on FT.com.

"Just imagine Chairman [Ben] Bernanke standing in the middle of his office, closing his eyes, clicking the heels of his ruby loafers together three times, and chanting 'there's no core inflation, there's no core inflation, there's no core inflation,'" added Mr Stanley.