Consider the following headlines from Bloomberg:
Gold Rises to Record on Concern European States Face Fundraising Hurdles
Copper Rises for Fourth Day, Reaches 28-Month High on Chinese Car Sales
Corn Rises to Two-Year High on Speculation U.S. May Reduce Crop Estimate
Sugar Rises to the Highest Price Since 1981 on Indian Export Speculation
Ask yourself this question: is talk about deflation even plausible in this environment?
