Crashing Commodities

This doesn't have the feel of 2008, when the fallout from the housing crisis was looming. There were expiration dates for Fannie and Freddie, for example, and the collapse of oil in July was a clear harbinger for those in the deflation camp. Today, there's definitely a case to be made for a larger than expected slowdown in China, but it doesn't feel like 2008 yet. That said, the movement in commodity markets is not to be ignored when the U.S. dollar is one good week away from breaking out to the upside.

Global Commodity Prices Are Collapsing At The Fastest Pace Since Lehman

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