Saturday, January 24, 2009

Changes in Commodity Prices

Source of graph: "THE BIGGEST TREND IN THE WORLD RIGHT NOW,"
Tom Dyson,
Daily Wealth, December 5, 2007.

According to the CRB Index, commodity prices are down considerably since last year. The good news for the poor in poor countries is that foodstuffs cost less this year than last. The bad news for these folks is that the value of the exports from their countries, which tend to export commodities rather than manufactured goods or services, are down. Metals are way down, and there are a number of countries with economies that are primarily exporters of metals.

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