The Broad Commodity Boom Is a Negative Economic Signal

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
By John Tamny of Forbes

Some economic commentators have decided that commodities hitting record highs across the board is a signal of a growing global economy.  Their argument might be true if the rise of one commodity exclusive of others signaled scarcity, but in such a scenario, the costs of other commodities would be falling thanks to reduced demand.  That a wide range of commodities are at all time highs signals continued monetary error that began in 2001

Read more….

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

DELL Vol: 15,291,396
HP
HPQ Vol: 48,674,188
NTAP Vol: 6,668,169
SWKS Vol: 5,338,626
EL Vol: 8,107,759

Top Losing Stocks

CTRA Vol: 73,319,495
COIN Vol: 7,927,507
TTWO Vol: 7,048,109
UHS Vol: 1,236,515
CHTR Vol: 2,101,059