| Lack of leadership continues to worsen the outlook for the global economy. Add to that recurring systemic risk and it’s easy to see why commodities recently underwent a pullback that makes the downside in equities seem tolerable.
If the remainder of 2011 resembles late 2008, renewed hope should materialize in the form of G-20 leaders rushing to the rescue. So, as an academic exercise, let’s look at 2008 and the first half of 2009 to get a sense for how things might play out...............................................Full Article: Source
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