Here's The Positive Spin On The Recent Crash In Commodities - Business Insider

Here's The Positive Spin On The Recent Crash In Commodities - Business Insider

Is Joe Weisenthal admitting that commodity inflation is a bad thing, therefore, speculation is a bad thing and the high cost of living is killing recovery? I think he is close. This is a sea change for Joe, who was wanting nominal GDP and even more speculation. Or maybe Joe throws stuff against the wall and hope things stick. I don't know, I just don't know.

Here were my responses: 

(URL) on Apr 29, 3:16 PM said:
OMG, Joe, you admit that speculation in commodities markets and the subsequent rise in the cost of living all over the world is a bad thing. I am proud of you Joe. Now, keep it up. I noticed you linked to another article about the evils of speculation here: http://www.project-syndicate.org/commentary/the-federal-reserve-s-policy-dilemma-by-nouriel-roubini
and:
But realize that this will have to crash the housing market as the value of the commodities in all the houses no one but speculators want, is less. The commodity value of those houses is less. So, the fact that prices have doubled on some properties in the west is really bad.

This is how I interpret Cramer, Joe. Thee is always speculation in some market somewhere in the world and I will help you find it.

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But this I do know, commodity inflation is killing main street.  

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