The great bear market

HAD stockmarkets fallen more than 40% from their peak, the national news bulletins and the mainstream papers would be full of headlines about collapse and calamity. As it is, the FT did make commodities the splash today (plus a short view, plus a Lex) but there is less coverage elsewhere. 

But this is one of the great bear markets. It may seem less important because few people are directly invested in commodities. But in terms of people's daily lives, commodity prices are very...

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