What the Crash in Commodity Prices Is Saying About Global Growth Prospects

What the Crash in Commodity Prices Is Saying About Global Growth Prospects

By Pam Martens and Russ Martens: July 21, 2015 Yesterday, domestic oil (West Texas Intermediate or WTI) dipped below $50 a barrel during intraday trading, reaching a level not seen since April. Gold closed at the lowest price in five years while sugar traded at a six year low. Wheat has lost almost 9 percent since last week. The Bloomberg Commodities Index traded at a 13-year low yesterday. The selloff in commodity prices is sending … Continue reading →