Extreme Signs of Global Economic Readjustment

The volatility in Oil, Food, Metal, and Transportation Prices is astounding these days, this paragraph in a Washington Post article really hit that point home:

China has also trimmed the importation of other materials that have fueled its spectacular run of growth. [Charles Bradford, metals analyst at Soleil Securities] noted that ocean freight rates for iron ore from Brazil to China are down to $12 per ton today from about $108 last May.