Here's More Proof That The Fed Didn't Create The Commodity Boom

View this email online | Add newsletter@businessinsider.com to your address book
		Tech Media Wall Street Markets Strategy Sports Tools Travel Politics Latest Video Thursday, March 24, 2011 Here's More Proof That The Fed Didn't Create The Commodity Boom Think the Fed is to blame for high food and energy prices? It's not. It's all about the fundamental drivers of demand. This chart (via Mark Thoma) is pretty self-explanatory showing that world industrial production and commodity prices are pretty closely linked. Now if you want to say world industrial production is caused by Fed pumping, that's one thing, but then you'd have to also say that Fed pumping works in creating economic activity. Read » Also On Clusterstock Today: A Guide To Raj's Awesome Defense Strategy: All The Inside Info Was "Confidential -- Not Material" Lloyd Blankfein Gushes About The Awesomeness Of Warren Buffett How The Girl Scouts Built Their Cookie Empire The World's 15 Biggest Economies And The Risks They Face Advertisement CHART OF THE DAY: Here's What Hedge Funds Bought When They Piled Into Stocks Last Week CHART OF THE DAY: Hedge Funds Bought The Frackin' Dip! CHART OF THE DAY: Who Owns All That Municipal Debt? Share this email: Buzz Facebook Twitter Digg Reddit StumbleUpon The email address for your subscription is: dwyld.kwu.careers@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Clusterstock RSS Feed Business Insider. 119 Fifth Avenue, New York, NY 10003 Terms of Service | Privacy Policy

If you believe this has been sent to you in error, please safely unsubscribe.