CNBC nutcase Jim Cramer makes the very valid point that commodity plays are imploding because hedge fund managers are being forced to liquidate positions in these once-high-fliers to meet redemption requests. Fertilizer stocks are being particularly hard-hit after the inflation hysteria of spring 2008 pushed them to dizzying heights. This dovetails with the earlier piece on the emerging markets meltdown. They are all different manifestations of the global growth trade which is now coming undone. The dollar was a huge component of that trade and is supported as a result.