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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: musicguy who wrote (2520)	8/27/1998 6:04:00 PM
From: MoneyMade	Read Replies (1) of 119973

Deflating prices won't last forever 'People have to eat,' commodity trader reasons Hey this guy stole my line! Message 5607583 By Rex Nutting, CBS MarketWatch Last Update: 3:50 PM ET Aug 27, 1998 WASHINGTON (CBS.MW) -- Many investors are just beginning to take deflation seriously. Sinking commodity prices -- now at a 21-year low by one measure -- have helped keep a lid on U.S. inflation, but they are also beginning to hurt the profits of producers of natural resources. CBS.MarketWatch.com talked with George Kleinman, president of Commodity Resources Corp., to get a trader's view on the future of falling prices. Is deflation a danger? Kleinman: Deflation is old news. People are just talking about it now but commodity prices as measured by the Bridge/Commodities Research Bureau Index (CR=A0) are at 21-year lows today. We're in a deflationary situation. So I don't think it's something that's on the horizon, something that's new. It's what we're seeing in commodities. See current futures contract prices.

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