It is always interests me how strong human denial really can be, that is until reality hits ;)
The commodity cycle is simply unsustainable this for moment if you will;
The global economy or at least the world's largest economy (USA) and of course the EU is/are firmly in a recessive state yet many commodities (both soft & hard) are at record prices, huh?
Imagine the impact on pricing IF the USA, the EU & of course greater Asia all fire simultaneously? This puts it into perspective for me at least.
WC8
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- commodities to crash
commodities to crash, page-9
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