Asia is no longer the great source of deflationary pressure

MONEY & INVESTING: "High Cost of Raw Materials: Surging Prices Fueled by Emerging-Market Demand, Hits Profits and Consumers," by Liam Pleven, Wall Street Journal, 23 April 2010.

The basic commodities all face significant upward future price pressure. This article is mostly about lumber, rubber and palladium (car exhaust systems).

The rising demand is mostly from the East, where expanding economies can handle the price rise more easily than in the West.

Then again, the situation sure as hell beats the alternative: the world waiting on the West to recover, so you stuff your complaints in a bag, mister!