11.10.2011 - The commodity mania has had much bigger and more negative impact on the global economy
Even as most of the illusions that defined the global economic boom of the last decade have faded, the assumption that commodity prices will continue to rise over a prolonged period still has the power to capture investor imagination even after the latest correction. I call this illusion, commodity.com. It has some striking similarities to the dotcom mania for tech stocks that gripped the world a decade ago. At the height of the dotcom era, tech stocks were drawing 30% of all the money invested in global equity markets..............................................Full Article: Source
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