Has oil hit its peak price or not? The answer to that question leads us to ask whether or not commodities are a bubble about to burst. Barron’s recent cover story on commodities came down on the side that the party was over.
In Chicago, gas prices have now topped $4 a gallon. Americans all across the country are struggling to fill up the tank. Companies are even pitching in gas money to help their employees out.
Inflation is usually followed by deflation - but not for the United States. What inflation means to central bankers, investors and the consumer. Dubya presents Middle Easterners with a lengthy ‘to-do list’…the downside of Hollywood…and more!
In the energy market Wednesday, crude for June delivery continued on its rocket trajectory to a new closing record, finishing at $123.53/barrel, up $1.69, after an intraday peak of $123.75.