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Bubble spectre haunts rebound

Nov 08, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The prices of many commodities have rallied strongly since the market downturn in late 2008. Gold, copper and oil in particular have rebounded in the last year, but some economists are suggesting that the recovery may constitute an "echo bubble". Much of the rebound in commodity markets can be attributed to an increase in liquidity and the impact of economic stimulus measures, but end-user demand will need to lift if the recovery is to be sustained.

Publication Date: 9 November 2009

BHP BILLITON LIMITED - ASX BHP
PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
CITIBANK CORPORATION


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By Stephen Wyatt

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