Phenomenal Long-Term Perspective on Commodity Prices
This amazing chart, created by frequent JSMineset contributor and charter extraordinaire Eric DeGroot, offers investors a truly rare perspective on the long-term pricing environment for commodities. The archival data prior to 1947 have been reconstructed into the CRB Spot Index to provide an interrupted look at broad historical trends in inflation as experienced by those high-maintenance consumers who eat food and wear clothes.
As Eric points out, the present cycle bears a remarkable resemblance to the price action observed from 1938 to 1951. I'll leave you to draw your own conclusions, and I hope you enjoy these insightful charts. Because images work bettwe within comments, I will post the remainder in a comment below. Enjoy: