people buying without any caution (spec's), page-14

For now it looks like rising commodities are boosting Wall Street, but common sense tells you it's a double edged sword. Rising costs of items that are needed (like milk, petrol, food, heating) will force America to shift from being the credit based economy to a thrift, save and produce economy. Items of want will be of second priority like new furniture, fashion clothes, new cars, holidays. But that will not occur without a fight from the politicians. As it is they have a job to do and the only way to keep it, or to win an election is to appear that they're doing something good (or promising something good) for the economy like the 'cash for clunkers' program. As it is now America has awoken from its common sense coma and realised that keeping jobs by not importing the same products made by foreign countries is more critical than any credit based consumption. Hence the war against China's artificially cheap goods has begun my friends. Early this week the USA has placed a 30% tariff on Chinese made tyres as a means to protect local jobs. China says that's unfair, as it will cause local job losses. I suppose what goes around comes around.

Read this when you have a spare 15 minutes.
http://www.financialsense.com/fsu/editorials/2009/0914b.html