Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Wednesday, November 07, 2007
A little perspective on commodities
from Eddy Elfenbein. The CRB Index is an average of commodity futures prices, including metals, foods, and energy.
You wanna know where to look for inflation? Just check anything with a government subsidy, and you'll see propped up prices gouging your wallet. Check out how much we pay for sugar or corn, compared to the rest of the world. Healthcare and education are some other inflation rocks to turn over.
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