21.10.2011 - Commodities and the European banking crisis
As so often occurs during a crisis, a multitude of unforeseen forces are unleashed which end up making the situation much worse. Unfortunately, Europe’s sovereign debt and banking crisis is now resulting in numerous unintended consequences, especially in the commodities space. In terms of obvious first-order effects, the marked tightening of financial conditions and the weakening growth picture in Europe is restraining demand for imports from the emerging world, especially Asia. Not surprisingly, commodities-demand has also been dragged down..............................................Full Article: Source
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