Friday, February 25, 2011

Does Anyone Remember the Commodities Bubble in 2008?

Remember that back in 2008, skyrocketing food and oil prices (which peaked between March and June ‘08) immediately gave way to the most extreme deflationary wave we’ve seen since the 1930’s (and perhaps ever in such a short period of time).


Stagflationary Mark said...

Does Anyone Remember the Commodities Bubble in 2008?

February 14, 2011
Oil at $300 and Dow 37K by 2020?

Check out the battle in the comments.

1. We just absorbed a 500% increase in WTI oil prices since the late 1990s when oil was trading in the $15 to $20 per barrel range. I don't see why we can't absorb another 300% increase in oil prices.

2. yeah.. extrapolate. we now how well that works

In my opinion, #2 won the debate. I should point out that I am biased towards sarcasm though. :)

CP said...


Mark, I knew that you remembered.

We also "absorbed" a silver doubling in the past year. No reason it can't double again!

whydibuy said...

Whatever. Its the end of the world and we'll all be living in boxes eating dirt.

whydibuy said...

Oh, btw, I see that Tommy Demark is back again with a new chart doom call.
The fact that his last one fizzled is of no consequence to these talking head idiots.
The wrong call is fluffed off as being disrupted by events in the M.E. Of course, it couldn't have been that Tommy is just plain wrong, could it?

So now Mar. will be a disaster month.

Stagflationary Mark said...


Gold vs. Land

They aren't making any more of either apparently. ;)