Thursday, December 11, 2008
Commodities could recover in 12 to 18 months
A rebound in commodities prices could be as many as two years away, but some market insiders still believe there is a chance for another bubble. Grains, oil and industrial-metals producers will be forced to cut output, and some may go out of business, before commodities recover. "When growth recovers, which will take 12 to 18 months, prices will head back up," said Ian Morley, a director at fund manager Quantum.
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