| Commodities from copper to crude oil, in three years to five years, may plummet anywhere from 50 percent to 70 percent from existing level prices as a domino effect of a China potentially falling into a recession by 2015, a mutual fund CEO said.
Bill Smead, CEO of Seattle-based mutual fund Smead Capital Management Inc., said China, currently the world's second-largest economy, has a 30 percent chance to go into recession because of the continuing falling property prices that have as a result hurt the country's banking industry...............................................Full Article: Source |