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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (54533)	2/22/2006 6:39:33 PM
From: GraceZ	Read Replies (1) \| Respond to of 110194

The world's poorest people are now using commodities that they couldn't dream of affording 50 years ago. This simple fact tells you that commodities are getting cheaper in a real sense. Another way of saying this is that the world is getting richer. This is not to say that periodically we don't go through periods of relative scarcity where marginal supply can't meet marginal demand driving up prices, but it is these periods of tight supply and subsequent higher prices that drive individuals to invest in new technologies, find substitutions or invent better methods for extracting resources. Some will lose trying to do this but after the crisis is over, society on the whole is better off than it would have been had the shortages never occurred.