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Commodity Boom Over??

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divz
Super Contributor
Anyone hear this guy on moneyweb.Commodity boom over, his reasons recession in UK,USA,Germany etc who are china/India going to sell too. Also reckoned the oil price would come down to below $100 p/b due to Bush announcement and how this will now be used in the presidential race between Mcain and Obama and the fact that growth in China and India will slow dramatically due to domino effect - reasoning makes sense. Anyone comments.
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7 REPLIES 7
Wizard
Super Contributor
Commodity boom has another 7 years to go...Last year Jan. before the oil started moving up it also made a lot of sense that the world was flooded with oil and OPEC was cutting on production...(High Oil Prices are thing of the past!!!)
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pirates
Contributor
the boom is over for commodities,they will fall a further 30 to 40 percent by year end
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BRE
Regular Contributor
Where did you guys come to these conclusions? Why another 7 years to go Wizard? How do you get it going down 30-40% by year's end pirate?
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divz
Super Contributor
they have crystal balls BRE us mere mortals only have fleshy ones
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louisg
Super Contributor
It's great to start the morning with a laugh.
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Wizard
Super Contributor
We relive the 70s...Don't have crystal ball, but events are very similar. This is 1973...
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Wizard
Super Contributor
The boom will be over when your neighbour starts screaming Buy Buy Buy.Now he still wonders when the whole damn thing is going to end.
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