| 18.11.2008 - Asian slowdown worse than expected and will bite commodities |
| From ABC: A leading commodities analyst has warned the prices for base metals, oil and iron ore will fall even further as China's manufacturing sector slows. Returning from a two week tour of the country, the ANZ's Mark Pervan says the slowdown is worse than first thought. He says massive share market losses have reduced the wealth of China's top 20 per cent and they've stopped spending on homes and cars..... Full Article: Source |