With so much turmoil in the financial markets (both globally and domestically) I feel as though I'm missing so much. Here's one that you just can't not consider in every economic related conversation you have. Global commodity inflation. It's rice over there (and sure it will come here), but Americans will settle for oil "complaints today.
And indeed, expensive Cuban Cigars (when the embargo lifts). And what else is a commodity, technology? How does that inflate, or does it, and have I now deviated from my thesis.
Best Quote from Ignatius' piece:
Independent truck drivers in Pennsylvania, New Jersey and other states staged protests against high fuel prices this week. What do they have in common with rice consumers in Vietnam and soybean buyers in Indonesia and pasta aficionados in Italy? More than they probably think.
