price decline. now to a meltdown in commodity prices this week. silver was the first to crack, at one time below 20% for a high since friday. that forced them to raise cash. oil and gold well off the highs, investors trying to make sense of whether to buy on the dip or pull out entirely. steven leave is president of leave capital management. steven lieberman, president of lieberman capital. steven lieb, is it the commodity bubble bursting? we re looking at silver, gold taking a little bit of a drop. what is it? i think it s speculators getting a littles b bit ahead o themselves and the c and e raising margins. if you double margins, you re going to have basically people
adding to their payrolls, why are they starting? i think the barrels and barrels of money, rick, are a good harbinger of hiring. we need companying to continue to be profitable. where does that money go? it comes back and reininvested in their businesses. my own perspective as a professional money manager is that companies are starting to feel that the ground isn t as shaky as it was during the financial crisis, as if the rules aren t going to be rewritten on a daily basis as they were. that s why they re more comfortable in hiring these days. unfortunately, the consumer is still dealing with the inflation, so yes, they re getting hired more, they re making slightly more in terms of wages, but the inflation now, whether it be food, gas, still through the roof. so at the end of the day, the consumer is still struggling with a lot of these bigger economic pictures, but slowly but surely, we seem to be getting on the road to recovery. rick: because you mentioned inflation, i have time