Remember: A paradigm is only worth twenty cents.
Like a lot of blogs we relayed Mr. Grantham's
Here's the Jeffries Global Commodity ETF chart via Finviz:
I'll be back with more. In the meantime here's the April 26 post that linked to FT Alphaville's Grantham story:
The End of Cheap Commodities (or not)
Later that day:
Commodities Have Reached a Permanantly High Plateau* (or not)
Commodity Prices tend to be Mean-Reverting (cotton)
Commodities: "The Case for Human Ingenuity"
You can probably guess that I tend toward the optimistic.