07.11.2008 - Commodities in recession as speculative bubble bursts - but the purge is over
From Mineweb.com: Economists call for an “L-shaped” recovery. Further price declines projected for the next two quarters, but the long-term trend remains bullish; new records in three years? Société Générale is the latest bank to revise its fundamental commodity forecasts in the face of deteriorating economic conditions and in the introduction to a detailed study, the bank says that the sharp correction that started in July 3rd should be interpreted as the bursting of the speculative bubble that had been fuelled by inflation and the depreciation of the US dollar..... Full Article: Source
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