Baltimore, MD (Vocus) April 30, 2010
Soon, commodities producers will be “kings” in the new world economic order, according to the most recent commodities article from Money Morning.
Investors who need proof need only consider recent events:
- Iron ore prices are at record levels, and the annual-price-setting arrangement has broken down.
- Venezuela President Hugo Chávez has signed “dark side” agreements with Russian Prime Minister Vladimir Putin for Russian companies to develop Venezuela’s oil-and-mineral resources.
- China may have invested $1 trillion or so in U.S. Treasuries, but the Asian giant’s only truly successful investment so far has been the 17% stake it took in Canadian-resources player Teck Resources Ltd.
Money Morning Contributing Editor Martin Hutchinson, a former merchant banker and leading expert on the global financial markets, thinks these signs are all pointing to one thing: A commodities new world order.
In his latest article on Money Morning, Contributing Editor Martin Hutchinson shows that – as we put the global financial crisis behind us – the commodity “haves” will set the agenda … while the commodity “have nots” will fall farther and farther behind.
Hutchinson’s article outlines the winners and losers that will emerge as global economic power shifts – and the list has quite a few surprises. It seems that the economic powerhouses of Europe and East Asia may find themselves losing ground to some unexpected new players.
Find out exactly which economies will flourish – and which will flounder – in the commodities new world order in: The Winners and Losers in the ‘Commodities New World Order”
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For more information about the commodities new world order, please visit: http://moneymorning.com/