Old Soros Partner Thinks Commodities are the way to go

[DesertCat]

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Too bad the last 25 years of data doesn't support Simon's hypothesis (on falling prices, that is).

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In 1980 crude oil prices were $38. Adjusted for inflation, they would be $94 today. So oil prices clearly support Julian's hypothesis. Name a commodity that hasn't over the last twenty five years.

BTW, median household income in 1980 was $17,700, so the typical U.S. family's income equaled 465 barrels of oil a year. Now it's around $45,000, so now the typical U.S. family income is equivilent to 833 barrels of oil per year. That's called getting cheaper.