Inflation is tamed, but if they are not printing money, then why stop calculating and publishing M3?
RE: commodities. It makes sense, as Zeal says, that commodities will be in high demand, as 3-6 bil people in Asia want an American lifestyle. How dependent are they on the American consumer? Can the Asian countries grow while the US is in a recession? They could not grow in 2000, and they can’t grow today, but can they grow without us in a few years? What is the effect of China printing so much yen, and isn’t that causing inflation?
(Primer: Chinese suppliers are paid by the U.S. in dollars, take the dollars to their bank to convert it to yen, and the Chinese bank has to print enough yen to cover the dollars they were given, to prevent their currency from appreciating. So the Chinese bank ends up with every dollar that we send to China for buying goods. The bank invests those dollars they got from their customers, into U.S. Treasuries, bonds, MBS, equities.)
