Paperback: 384 pages
Publisher: For Dummies; 2 edition (June 7, 2011)
Language: English
ISBN-10: 1118016874
ISBN-13: 978-1118016879
Product Dimensions: 7.4 x 0.8 x 9.3 inches
Shipping Weight: 1.3 pounds (View shipping rates and policies)
Average Customer Review: 3.6 out of 5 stars See all reviews (20 customer reviews)
Best Sellers Rank: #226,072 in Books (See Top 100 in Books) #80 in Books > Business & Money > Investing > Commodities #676 in Books > Business & Money > Investing > Introduction
"Commodities for Dummies" is a sub-par text, even for the "Dummies" series. Its emphasis on tangential, space-filling, non-commodity-related topics make for a frustrating read at best, whil its coverage of individual commodities is disappointing. For example, wheat (featured on the cover) receives a scant one-page explanation. Surely, every potential reader is already well aware that humans have been farming and eating wheat for centuries, yet the author wastes about 1/3 of his precious wheat page explanation explaining wheat's importance to ancient Mesopotamia! There is absolutely no insight to 21st Century wheat prices. What causes the wheat price to crash or surge? Who knows?After reading this book, I am still a dummy about commodities. Sure, there are a graphs a-plenty, but no explanation of trends or interesting anecdotes, features that make other "Dummies" books fun and helpful. The reader should at least begin to understand why groups of commodities rise and fall, but the author simply ignores this question completely. Instead, the author presents chart after chart of rising and falling commodity prices. Ice storm here? Flooding over there? The lack of notation make them useless. Perhaps graph's editorial mistakes are more convincing. Just flip to the section on silver. The text directs the reader to examine a chart to illustrate a price crash in the early 1980s, yet the graph doesn't even go back that far.Among the book's most annoying features is its incessant proclamation that the Chicago Mercantile Exchange (CME) merged with the New York Mercantile Exchange (NYMEX) in 2008. Indeed, the CME merger seems to be the author's most important thesis as he mentions it no less than twelve times--usually with a quarter page, indented, double-outlined box.
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