After reading this article on commodities in The Economist that cited "a recent report by Société Générale" who analyzed 5 commodities booms since 1975. "They lasted 28 months, on average, during which prices rose 35%." While it's not clear whether the 35% refers to an average rise or maximum, that number pales next to the "several-fold" rise claimed by Puru Saxena here (for the Daily Reckoning).
And yet, despite the credit I give the former over the latter, the CRB chart supports Saxena more. Note the doubling from '72 to '73. More CRB information here.
Thursday, July 20, 2006
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About Me
- Name: Mateu
- Location: Portland, Oregon, United States
Stampeding Caribou dislodged the ice floe where I had been frozen for 71 years. I landed on the shore of Îles-de-la-Madeleine where a motel manager promptly gave me a job cleaning bathrooms. After three years of saving tips and stealing change left by lodgers, I paid my way to America. Seeking toilet scrubbing work in Owego, NY, I accidentally boarded a bus to Lake Oswego, OR. Now I live in Portland.
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