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Chinese recession may pummel commodities, Smead Capital CEO says

Posted on 10 February 2012

China is at risk of falling into a recession by about 2015 that would reduce commodity prices as much as 70 percent, according to the chief executive officer at Smead Capital Management Inc.
Commodities from copper to crude oil may drop 50 percent to 70 percent from current prices in three years to five years, Bill Smead, CEO of the Seattle-based mutual fund, said in an interview in Singapore………………………………………..Full Article: Source


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