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H.J. Huneycutt » Comments » ACWI

  • 10 Predictions for the Global Economy [View article]
    The view that commodity prices will continue to drop seems to be based on mindless pessimism. While I think the author may possibly be correct on oil (which could drop a little bit further), as far as agriculture and metals go, most of those commodities have already probably hit rock-bottom.

    I'm not familiar with every single commodity out there, but I know a lot of industrial metals are selling below the costs of production. That situation can not continue as people will not continue to produce a metal they can not turn a profit on. Hence, supply decreases and prices go back up.
    Dec 16 11:09 am |Rating: 0 -1 |Link to Comment
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