The Fed’s Latest, Greatest Round of Asset Inflation

Mike Larson
Money and Markets
October 23, 2009

[efoods]There goes oil, surging past $80-a-barrel. That’s up 150 percent from the December low, in case you’re keeping score.

Gasoline? Wholesale prices are up more than 40 cents a gallon in just under a month …

Heating oil? Grab an extra blanket! It just jumped to the highest price in almost a year …

Corn? It’s up almost a buck a bushel since mid-September …

Wheat? Rising. Soybeans? Yep. Sugar? Near a 26-year high. And I hope you’re not planning on eating too much chocolate this Halloween. Replacing it will cost a lot more considering cocoa futures just soared to the highest level in almost three decades.

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