Commodities took a nose dive after the September “Bernanke Top” and have yet to fully recover. Some commodities, such as gold, are still depressed in price while others have shown moderate gains and recovery. The price of crude oil, which is a huge growth catalyst, remains relatively high around $112 a barrel (Brent) having shot up since December while the CRB Commodities Index’s growth is stagnant. If oil hits $130 a barrel again, we can easily go back to #GrowthSlowing from #GrowthStabilizing.
