September 8, 2005

YET CHAIRMAN GREENSPAN STILL FIGHTS INFLATION:

Higher Commodity Prices Already Fading (Jerry Hirsch, September 8, 2005, LA Times)

Hurricane Katrina probably won't raise the prices of chocolate bars, copper piping, coffee, wood products and anything made from petroleum after all, economists say.

Expected shortages and supply chain disruptions sent a range of commodity prices soaring immediately after Katrina struck the Gulf Coast last week.

Apart from gasoline and natural gas, those price increases have generally failed to take hold because of a number of factors. There are ample global supplies of the affected commodities.

Posted by Orrin Judd at September 8, 2005 7:26 AM
Comments

What's been really interesting has been the treatment of the Mississippi by many people. Some have been acting as if it's still 1870, and it's still the vital thoroughfare responsible for 50% of our trade. Sure, it's a handy thing to have, but we have other options these days.

Posted by: Timothy at September 8, 2005 11:08 AM
« EFFECTIVELY ANNOUNCING HIS RE-ELECTION CAMPAIGN: | Main | UNIVERSAL GROWTH: »