"We’ve seen some incredible moves in the market over the course of the last two months, but last week really took the move to an extreme. As previously discussed, precious metals have plummeted, but industrial metals are also experiencing sharp declines. In a near repeat of 2008, we are seeing highly deflationary price action that is consistent with continuing economic weakness. And make no mistake, there is nothing consistent in this environment with a hyperinflation or even a stagflationary environment. I believe we’re likely to see a return of the disinflationary trend that we experienced in the first half of 2010.
In a recent commentary Moody’s elaborated on the alarming action in industrial metals (via Moody’s):..."
at http://pragcap.com/industrial-metals-prices-point-to-global-economic-contraction
In a recent commentary Moody’s elaborated on the alarming action in industrial metals (via Moody’s):..."
at http://pragcap.com/industrial-metals-prices-point-to-global-economic-contraction
