I am still quite wary of commodities. Although the China bounce is underway, the property rebound is nascent and unpredictable. Moreover, global growth is facing the latest intensification of monetary tightening in the bank-inspired credit crunch. And, in my view, an unavoidable US recession. TS Lombard has a good view of the cross-currents. The price
The post Commodities “to get worse before they get better” appeared first on MacroBusiness.