Is Dr. Doom Turning Bullish on Commodities?

I like how they plainly say in this article that Mr. Roubini predicted the financial crisis. Not quite, if timing or calling the actual cause correctly matters to anyone, but we'll let this go for the sake of focusing on his commodities view... because optimism seems to have infected even Dr. Doom himself. (Actually, he's one of five Dr. Dooms out there.)

“As the global economy goes toward growth as opposed to a recession, you are going to see further increases in commodity prices especially next year,” Roubini said today at the Diggers and Dealers mining conference in Kalgoorlie, Western Australia. “There is now potentially light at the end of the tunnel.”

Comments

[drewriders:]

light... oncoming train...

Aug 03 08:38 AM

[fwallace55:]

He waited a bit late in the game to turn bullish few weeks ago, now the run has just about ended, and it's time to turn bearish again...hmmmm

Aug 04 09:02 AM

[Vincent Fer...:]

Agreed, he was a bit late. I think the world looks less gloomy than he first was saying it would be.

Aug 04 11:00 AM