Cramer on BloggingStocks: Commodity collapse will buoy earnings - Jim Cramer

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1 pt	Cramer on BloggingStocks: Commodity collapse will buoy earnings
	Aug 15, 2008 08:52 AM UTC

Jim Cramer

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Via BloggingStocks:

Filed under: Earnings reports, Forecasts, China, Market matters, Commodities, Oil, Cramer on BloggingStocks, Recession

TheStreet.com's Jim Cramer wonders why no one's cheering about this -- the headwinds are gone.

This is an epic collapse of commodities, one that is cutting every investor to the core. It is as if whoever was actually buying them -- not trading them, not speculating in them -- has vanished. That's how little demand there is. It is as if everyone in the world who was being paid in dollars now actually wants those dollars. It is as if all demand leading up to this moment for the last several years was all phony and disappeared. It is as if any country that was hoarding minerals and oil and grain no longer needs them. And it is as if every hedge fund in the world had purchased everything to sell into that demand and is now long the stuff and dying.

T...

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