Feb 18, 2009

Kevin Duffy on lingering optimism over commodities (2008)

Such optimism indicates the bear market in commodities is likely still in the early innings. We find the arguments of the minority skeptics much more convincing, particularly a) real commodity prices decline over time due to human ingenuity and b) a global recession will sap demand already weakened by high prices.

~ Kevin Duffy, Bearing Asset Management, Azimuth blog, August 28, 2008

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