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Commodities and currencies won’t save you(r earnings)

Posted on 06 October 2011

According to the estimates UBS has pieced together, roughly two-thirds of revenue growth for companies in the S&P 500 in the second quarter was down to commodities price swings and a combination of the weaker dollar and non-US sales growth.
But given the unpredictability of commodities prices — which have declined alongside the prospects for global demand — UBS are suggesting that such a contribution can’t be relied on in the future. We hasten to agree……………………………………….Full Article: Source


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