| From Washingtonpost.com: Commodities, you'll remember, are products that are used to make other products -- natural gas, crude oil, metals, grains, cattle and so on. They are roughly equal in quality regardless of where they come from, so Russia can be just as big of an oil player as Saudi Arabia.
For the past decade of global growth, commodities were the place to be. Here in the United States and in other developed countries, people enthusiastically bought things made of commodities..... Full Article: Source
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