Hedge Fund Manager Red Kite sees low commodity prices for years
Wednesday, February 4, 2009 : PermalinkForbes – Commodity prices will remain low for a long time, possibly up to 7 years because of the global recession and falling demand, hedge fund Red Kite told a British newspaper.
Michael Farmer founder of Red Kite, a big player in the industrial metals markets, told the Financial Times the world economy has gone from boom to bust and that markets are going to be bust for a while.
Tags: boom, bust, commodity prices, financial times, forbes, global recession, industrial metals, long-time, michael farmer, red kite, world-economy
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