Commodity prices are likely to fall further
Commodity prices are highly correlated. One reason is direct microeconomic linkages.
(The author is Professor of Capital Formation and Growth at Harvard University. Courtesy - www.project-syndicate.org)
CAMBRIDGE – Big movements in the prices of oil, minerals, and agricultural commodities have been among the most salient economic developments of the past couple of years.
The sharp rise in commodity prices for much of this period was virtually...
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