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Commodities still going strong

A quick look at commodity prices says that the growth story is still strong. These two indices of industrial commodity prices today are both at new highs for the year. This is undoubtedly a reflection of an ongoing and significant rebound in global activity. As such, it supports an optimistic view of the future of U.S. growth prospects. Last year was a horrible year, but with action like this, the memory is fading fast.

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