28.11.2011 - Raw materials topping equities with growth intact: Commodities
Commodities are beating equities for a fifth consecutive year, a sign that demand from developing economies is sustaining global growth that drove prices up almost fourfold in a decade. While the MSCI All-Country World Index of equities dropped 15 percent this year and yields on Treasuries fell to near- record lows, the Standard & Poor’s GSCI Index of 24 commodities rose 0.7 percent. Goldman Sachs Group Inc. expects commodities to return about 15 percent in the next 12 months. The last time there was a recession, raw-material prices slumped 43 percent..............................................Full Article: Source
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