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Mascoutah, Illinois | I believe you and I are on the same page. I look at what happened to the dairy, hogs, and cattle folks in the past four to five years and somehow I believe the commodity buying from mutual funds, hedge funds, and now pension funds helped put them out of business.
Do we rocket back to $8.00 corn, $16.50 beans, and $147 oil only to have another economic collapse due to a strained pocket book for the consumer? The arguement everyone keeps debating is inflation versus deflation. Commodity prices are inflating rapidly while numerous portions of the economy continue to struggle. Is another meltdown coming quickly due to these prices increasing dramatically? I believe $4.00 gas is right around the corner again. The Bush Tax Cuts expire at the end of 2010 leaving folks with even less take home pay.
We have another 600 mutual funds looking to get listed on the exchanges. These funds have to buy.
Will it take regulation of some sort to keep prices in check?
I don't have the answers, but I was hoping someone did.
Edited by djmcountryboy 1/5/2010 03:30
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ETF's and their affect on commodity prices
