Economics questions

Can anyone explain to me why we should be concerned about falling commodities? Wasn't the latest run up in commodities signaling stagflation which is far more harmful than recession? If gold/oil/etc have started their descent would this not alleviate the consumer? We are already living in recession, wouldn't falling commodities just be a 'normalizing' event? Would the consumer not breathe a sigh of relief at the pump, supermarket, utility bill, etc?

Be concerned only if you own them. Falling commodities could be first step in a recession. The recent selling was likely forced on hedges, or speculation on destroyed demand due to price elasticity or rising unemployment. Islander.

It's not a problem. They were too high as it was and I don't think that they are signaling anything of import. But they do take the heat off the Fed. Mark

What triggered this question was IYB's post earlier yesterday about deflation. It appeared at first glance that he was concerned about the falling commodity prices, while I was actually celebrating them. I most certainly do not own them and feel they are adding a lot of strain to our economy. thanks Islander and Mark - glad I wasn't completely off.