One commenter on today's daily commentary mentioned financialization as a reason we are seeing commodity prices through the roof. This makes a lot of sense since commodities are now an alternative asset class in the financial supermarket for investors and speculators alike. But it is also clear that funds have moved into alternative investments as yields have come down because the opportunity cost of holding these assets has diminished as fixed income assets yield next to nothing.
Gold has d...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.