Seems to me that, in a three-year-long-and-counting fiscal-financial-economic depressio-cession, the average share price of (say) GE hasn't had the impact on our guts the way commodities prices do.
Know what I mean? The moment you hear a newsy saying something out there on the kitchen radio about the Chicago Board of Trade, you get an acidic reaction in the tum-tum. Corn? Up. And of course oil? Up. Up. Gold? Up. All of these commodities, whether we personally rely on any of them, have an immediate impact on the value of this week's paycheck the way the GE shares in our pension fund don't.
Commodities are serious things, not pieces of paper. Commodities can go a long way towards ruining your future.
All of that flashed like red signals when I read this in Paul Krugman's blog today.
I mean, we know that, don't we? Is it too late?
