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Commodity prices have only begun to drop, writes Michael Pettis (not yet available on web),...

Commodity prices have only begun to drop, writes Michael Pettis (not yet available on web), attributing nearly the entirety of increased demand over the past decade to "incredibly unbalanced growth" in China (now coming to an end). Recently, it's gotten even more unwholesome, with much of Chinese demand going to build mountains of inventory. Expect the country to soon become a net seller of a number of commodities.
Comments (1)
  • Terry Atzen
    , contributor
    Comments (8) | Send Message
     
    To which commodities are you referring?
    28 Aug 2012, 06:03 PM Reply Like
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