| Is this as bad as it gets? The question is suggested by the fact that, even while commodities are performing poorly, green shoots of hope are emerging (as oil prices have been showing). Canada’s Scotiabank reports its commodities index plunged again in January, dropping below the April 2009 low (post the GFC). Commodity prices are now at levels last seen in January 2007.
The bank’s commodity analyst Patricia Mohr says that, while global economic conditions are better than in 2009, an extended period of sub-par world GDP growth has triggered intensely competitive global markets, taking the steam out of commodity prices...............................................Full Article: Source
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