| Commodities markets have taken a beating this summer. Oil, coal, coffee, soybeans, copper, iron and nearly every other commodity has fallen sharply in price, upending currency markets and inflicting pain in large parts of the world economy. But few Americans are complaining. Unless you are trading soybeans or have been focused on the battered shares of companies like Exxon Mobil and Chevron, or on sinking currencies like the Brazilian real or South African rand, you may not have noticed the commodities debacle.
The collapse in oil prices is all too evident in oil shale states like North Dakota and Oklahoma, as well as in nations like Canada, Mexico, Brazil, Russia, Norway and Saudi Arabia — but it has not intruded into the daily experience of many Americans...............................................Full Article: Source
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