"In my view, capital is now a commodity and I don't want to be in a commodity industry, " she says.
It is a bit like making your body into an ad, which turns it into a commodity (I get the same queasy feeling when I see someone with a Chanel or Louis Vuitton logo tattoo).
If I believed commodity prices are rising because of robust economic growth and strong global aggregate demand, I might conclude that the commodity price increases were a net positive.
FORBES: After The Gold Rush -- Commodities Prices: Why So High?
I'm even less inclined to predict the future direction of commodity prices than I am the direction of the stock market.
This boost in gold stocks helps to close the gap between gold companies and their underlying commodity, as I discussed last week.
Last column, I said that commodity stocks need not track the course of the dollar.
While the global commodity markets turned considerably lower during the third quarter of 2011, I do not believe that a sustained drop in commodity prices is likely.
Commodity prices are collapsing, as I predicted in my Aug. 8 column.
As I noted last Thursday, it is my view that commodity correction should end this summer, providing a buying opportunity into what I see as a positive long-term trend.
If I am correct, further commodity price gains may run into resistance in the short to intermediate-term timeframe.
FORBES: After The Gold Rush -- Commodities Prices: Why So High?
At the SGF conference, I learned that the chief commodity to get people through the door, particularly on the top-up for the big shop, is milk.
Personally, I find oil a more appealing commodity play if you want to put your savings into something other than paper currency.
There are the purer speculators, which I think of as the professional commodity traders who are trading for themselves or for funds.
The last time the audit business was flat, a commodity, and under pricing pressure from clients was when I started working for KPMG Consulting in 1993 after ten years in industry.
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Accordingly, I do not believe that the recent spike in commodity prices is, primarily, attributable to increased global aggregate demand, underpinned by robust economic growth.
FORBES: After The Gold Rush -- Commodities Prices: Why So High?
Since most people have not invested in the commodities bubble, I would guess that they will feel that a commodity tax burden has been relieved and they may go on a vacation or buy something nice with the extra money.
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From the perspective that these pieces provide, it is clear that the DOD cyberspace strategy is too narrowly focused on cyberspace as a technological domain that stores and transmits information-as-data, which in turn leads to a primary emphasis on defending the infrastructure itself (i.e. risks to) and its commodity.
But I think of airlines as packagers of seats, a perishable commodity like bananas.
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The one sector-specific speaker I heard was Donald Coxe, a strategy advisor for BMO Financial Group, who discussed commodity stocks.
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The drop in commodity prices may raise the specter of deflation, but gold prices are holding pretty steady, so I doubt this will happen.
Unfortunately, this is not what I see is happening as unemployment remains high and wages are not growing (i.e. disposable income generally has not been able to keep up with the commodity-induced inflation).
FORBES: After The Gold Rush -- Commodities Prices: Why So High?
But I'm starting to realize that Amy is right when it comes to that even more valuable commodity: time.
The other day I clicked into Amazon.com to see what Simon had written about the long-term trend of commodity prices, the subject that had catapulted him to fame.
In trying to wrap my head around the Karma hotspot a new prepaid 4G mobile hotspot service that relies on a novel model I keep coming back to the (often post-Apocalyptic) sci-fi stories where some other commodity or service has supplanted cash or gold as the chief currency.
FORBES: Meet The Karma Hotspot: A Business Model So Crazy It Just Might Work
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