07.11.2014 - Commodity slump brings gains, losses
Everything is cheaper. Almost. The commodity supercycle that started in the 2000s, fuelled by China’s enormous appetite, and which peaked around the time of the Beijing Olympics in 2008, is tapering off. And how! Oil is currently trading in the low $80s, the lowest level in more than four years, and major metal and food prices have fallen steeply. Iron ore is at the lowest in more than five years after losing 43% this year. Lower commodity prices promise to translate into lower inflation and already, India’s bonds have rallied in anticipation of an earlier-than-foreseen cut in interest rates late this year or early next year...............................................Full Article: Source
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