| 10.02.2009 - Credit crunch will exacerbate the commodity super-cycle |
| From FT: Is leverage a problem for the world economy? Is the global "savings glut" at the root of the current credit crisis? In our view, the answer is no. Saving is good - provided it is well directed - and leverage per se is not a hindrance to economic growth. If capital can be efficiently allocated to the most productive sectors in the global economy, a high savings rate can enable a high investment rate..... Full Article: Source |