A man is getting ready to pop a balloon with a dollar symbol on it.
Will you promise me you won’t click on any of the following links until I tell you it’s OK? Great. Thanks.

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Check out these headlines:

Gas pushing $4-gallon

Rising food prices: Cause for concern

High commodity prices are hard to swallow

These were from articles published this month right?


These were from articles published in 2008. Right before the Great Recession took hold of us.

It doesn’t seem that long ago, does it?

And just as the world has started to feel that we’ve recovered from that recession, could rising prices push us to the brink of another one?

It is kind of scary to think that once money starts flowing again, sources of fluidly-priced commodities raise prices to uncomfortable levels. If you need further proof of rising prices, just check out the price index graphs in the latest edition of Leading-Edge Supply Management Magazine, available after logging into the Next Level Purchasing Association.

It might just be me, but it is starting to feel like we’re in yet another one of those economic “bubbles.” And it feels like each of these bubbles is followed by a stock market crash and a recession.

Could we be at that point already?

OK. Now it’s fine to click on those links. Or just look at your favorite news site’s archives for the past month. You’re likely to find stories that are nearly identical to those from 2008.

To Your Career,
Charles Dominick, SPSM, SPSM2
President & Chief Procurement Officer
Next Level Purchasing, Inc.
Struggling To Have A Rewarding Purchasing Career?
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Charles Dominick, SPSM, SPSM2, SPSM3

Charles Dominick, SPSM, SPSM2, SPSM3 is an internationally-recognized business expert, legendary procurement thought leader, award-winning entrepreneur, and provocative blogger. Charles founded the Next Level Purchasing Association in 2000, oversaw its incredible growth, and successfully led the organization to its acquisition by the Certitrek Group in 2016. He continues to blog and provide advisory services for the NLPA on a part-time basis as he incubates his upcoming business innovations. Charles is also the co-author of the wildly popular, groundbreaking book, "The Procurement Game Plan: Winning Strategies & Techniques For Supply Management Professionals."

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