Perspectives of a Wanderer

Awhile back I asked the question whether speculation in the commodity markets is immoral. Since then I have kept tabs on the commodity markets and am convinced more than ever that the commodity market have indeed become immortal.

Oil and food prices are rising on the mere hint of trouble (real or imagined) in those markets and there are hyped reports daily of further rises further fueling the rise. Just a few years ago, a threat of a hurricane or inclement weather would not of caused a ripple in oil and fuel prices. Now they cause wild swings to the upside of the market. The only persons this wild speculation benefits is the speculators. Everyone else loses.

One bright note, I expect that, like the housing market, the commodity markets may be in for a crash.