"Global growth (China tightening could take the upper hand given investors obsession with the story…) will be the referee with regard to the timing as continued robust growth could mask some of those dynamics for some time but ultimately we will have a correction to be remembered...Observers have focused too much on what happened to financial markets to explain the rapid slowdown we witnessed in 2008-early 2009... our contention is that even without it, we would probably have a "commodity price too high" induced mild recession..."
| Attachment | Size |
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| First_Quarter_2010_GTAA_Commodities.pdf | 1.67 MB |
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