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Commodity deflation marches on...

 

Full article: http://www.economist.com/blogs/buttonwood/2014/03/commodities-and-economy

 

Excerpt:

...the aluminium price is down 10% over the last 12 months, nickel 7.9% and lead 6.3%. Compared with a year ago, metals prices are down 10.2 per cent. With the important exception of oil, commodity prices in general have been weak over the past year (although there has been a recent pick up in food prices); the Economist all-items index is down 5.3% over the last 12 months.
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That is an excellent read - thanks for posting.

 

I agree: a good read. Though, I would say the author focused very much on what went wrong in the last 3 years, and not nearly as much on what went right... Of course, what went right has yet to produce gains and significant financial results, which imo will materialize in the future. Therefore what went wrong I think is much easier to see than what went right.

 

Gio

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