2015 Commodity Price Collapse?

That’s what Michael Pettis, who watches China, predicted recently (and provided some reasons for what he believes) — here on his blog.

Here’s the chilling segment for electrical folks (bolding by EleBlog):

This combination of factors – rising supply, dropping demand, and lots of inventory to work off – all but guarantee that the prices of hard commodities will collapse. I expect that certain commodities, like copper, will drop by 50% or more in the next two to three years.

Source: http://electricalcontractor.com/?p=6626

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