Citi's Tobias Levkovich frets the suddden plunge in commodity prices more than Europe or recent...

|By:, SA News Editor

Citi's Tobias Levkovich frets the suddden plunge in commodity prices more than Europe or recent weakness in China. Copper, an economic bellwether, is -17% M/M, and hit a one-year low yesterday. Still, an all-out collapse seems improbable given the relative strength in (non-financial) balance sheets and healthy credit conditions, he says.