COLUMN: “Let’s Shoot the Speculators!” by Robert J. Samuelson, Newsweek, 7-14 July 2008, p. 18.

Obviously, the title is sarcastic. Point of piece is rising demand from emerging markets, that drive up prices in following percentages since 2002:

+ aluminum 95%

+ copper 360%

+ corn 70%

+ gold 125% (isn’t it ALWAYS a good time to buy gold?)

+ nickel 452% (screw gold, buy nickel)

+ oil 177%

+ steel 117%

+ zinc 314%.

Demand constitutes real power in this era, not supply.