Weekly Initial Unemployment Claims Increase to 231,000
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The DOL reported:
In the week ending May 4, the advance figure for *seasonally adjusted
initial claims was 231,000*, an increase of 22,000 from the previou...
1 hour ago
2 comments:
I'm sure there was pent-down demand vs. food in the run up to the bubble pop. Notice that is levels out around 2000. I suggest that high oil prices as an input to food production will keep food inflation competitive with other commodities going forward.
This actually gives me an idea for another post, if I have time to get to it today.
Mr Slippery,
For what it is worth, I expect Great Recession II to put downward pressure on industrial commodities.
I just don't believe in the China story long-term.
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