04.11.2008 - Commodities tumble signals the longest recession since 1981 for US
From Theage.com.au: A record plunge in commodities may signal the US is headed for the longest recession since 1981, just after Ronald Reagan became president and the economy began a 16-month slump. Industrial raw materials measured by the Journal of Commerce fell at an annual rate of up to 56% last week, the most since 1949 and worse than the declines before every recession since. Crude oil, copper and wheat tumbled more than 50% from records this year as the US economy declined in the third quarter by the most since 2001..... Full Article: Source
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