The Oil and Gold Booms Are Over
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May 6 (Bloomberg) -- The wreckage caused by China’s great,juddering slowdown continues to spread far beyond the country’sshores. Although most commodities enjoyed a bounce on May 3,after better-than-expected U.S. employment data, the plunge intheir prices over the past few months suggests the past decade’srally is truly broken.
For those of us not in the mining industry, this isactually good news -- one of the best signs yet that the globaleconomy is returning to normal.