Economists have the best job in the world.  They are constantly predicting the long term future based on the recent past.  The result is that the contradictions in what they predict leaves the common person to wonder. Global Economic Prospects 2009: Commodities at the Crossroads | World Bank Commodity markets have seen spectacular swings over the past 24 months as enormous tensions first built up and were then released. The extended and sharp rise in commodity prices prompted concerns that the world was transitioning into a new phase of commodity scarcity—a concern that the recent dramatic drop in commodity prices … Continue reading Energy and commodity demand is rising or falling, and prices will rise or fall. Brilliant!