Although “staggering” price increases for many key commodities have occurred since 2007, with several at or near historic highs, this should not be a major contributor to inflation, says O.A. Cleveland, Jr. “The bull market in commodities has a good bit more life,” he said in a discussion at the Starkville, Miss, Rotary Club. “It could last another five years or more. But I don’t see inflation as a problem.”
Cleveland, who is Extension agricultural professor emeritus at Mississippi State University, says “a lack of money supply available to consumers” will hold inflation in line. “They don’t have the spending power they had prior to 2008. Unemployment remains high, which also serves to limit consumer cash for purchases; those who are out of work are using what cash they have for food and necessities. Read more ...
This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.
Cleveland, who is Extension agricultural professor emeritus at Mississippi State University, says “a lack of money supply available to consumers” will hold inflation in line. “They don’t have the spending power they had prior to 2008. Unemployment remains high, which also serves to limit consumer cash for purchases; those who are out of work are using what cash they have for food and necessities. Read more ...
This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.
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