The IMF report that we discussed below has a lot of interesting information. For example, the chart above shows that the current booms in oil, aluminum, copper and foodstuffs are in some cases multiples of their previous price escalations, and the duration of the current boom has been significantly longer than in past economic cycles — no doubt in large measure due to the rise of China and the BRIC-like nations. There is also no doubt that, at least judging by historical standards, a correction of significant magnitude and duration is overdue.

This entry was posted on Monday, April 14th, 2008 at 6:15 pm and is filed under China, Democrats, EU, Republicans, business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.