Natural resource investors have experienced a tough year. All the more reason to start returning broker phone calls according to David Galland, speaking on the Friday eve of the airing of a webinar he is moderating.
The supercycle of growth across emerging markets will continue with rising urbanization and income rates. This bodes well for commodities, especially copper, coal, oil, gold and companies that will benefit the most from these much-needed resources.
Who is responsible for the commodity and food inflation? Bernanke denies that it is the Fed. And, of course, the cause of inflation is hard enough to prove in a domestic economy, much less from policies followed by other central banks.
What this Euro-TARP does is take money from mostly good credit and give it to weak credit. It will crowd out private savings that go into private enterprise and put it to unproductive uses in the government debt of weak countries.