Why the Surge in Commodity Prices?
December 27, 2010 at 16:41 PM EST
Paul Krugman explains the main reason for the rising commodity prices: [T]oday, as in 2007-2008, the primary driving force behind rising commodity prices isn’t demand from the United States. It’s demand from China and other emerging economies. As more and more people in formerly poor nations are entering the global middle class, they’re beginning to [...]