| From Time.com: Prices of just about everything have been rising precipitously in recent months -- from cotton and corn to copper, and, of course, oil. Generally speaking, high prices for commodities are bad for growth, for two reasons. First, they spark inflationary pressures that can force central banks to hike interest rates, thus slowing down economies. Secondly, they cause consumers and companies to spend more on food, raw materials and energy.
That eats into their ability to spend on other stuff and dampens economic growth as well. With oil at $100, you'd think the world's economists would be in a frenzy of dire predictions and growth downgrades...........................................Full Article: Source
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