June 2008 - The Room

This insightful blog provides a unique perspective on the world that you just won't find anywhere else. The Room is an eclectic mix of geopolitical and market commentary with a personal story thrown in here and there. Never willing to take any subject too seriously, David Galland delivers a "great read" that informs and entertains.

  • The Bursting Commodities Bubble

    A steadily growing drumbeat is sounding throughout financial mediadom; a major commodities blowout is in the cards. The most widely quoted reason is a U.S. recession that will sympathetically pop the commodity bubble. It seems to me that these views are intertwined with a changed perception of how the economy works. A new paradigm if you will. People used to pay homage to the notion of a business cycle, a somewhat predictable and even stately progression of economic growth leading to excess, followed by a corrective recession. After which the cycle would begin anew....