From the article cited by Gregg in post 4144, on commodity prices being down:
"Commodities have plunged on overproduction and a slump in consumption across Asia as countries are racked by
currency depreciation, banking and corporate insolvency, withering credit and the inevitability of recession.
Crude oil prices have fallen 35 percent from their high in the last year, copper 36 percent, aluminium 23 percent, wheat
24 percent, soybeans 25 percent, corn 20 percent, coffee 47 percent and sugar 25 percent."
I know its OT for this thread, but was just wondering if the "Chile miracle" was going to evaporate along with the price of copper and the Asian "Tigers". |
