It is for this reason that commodities are demonized and readily called a bubble. In the future, whenever you hear someone call the commodity bull market a bubble, simply tell them the following:
Show me the bubble in inventories!
Show me the bubble in capital expenditures excluding inflation!
Show me the bubble in employment!
Show me the bubble in valuation multiples
http://www.financialsense.com/Market/wrapup.htm
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- commodity boom no bubble just starting
commodity boom no bubble just starting
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