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MAY 06, 2013 - Business Insider

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MORGAN STANLEY STRATEGIST: The Oil And Gold Boom Has Come To An End

The great oil and gold booms are over. That's according to Ruchir Sharma of Morgan Stanley, writing at Bloomberg View. Sharma, an emerging markets specialist, blames the slowdown in China. The wreckage caused by China’s great, juddering slowdown continues to spread far beyond the country’s shores. Although most commodities enjoyed a bounce on May 3, after better-than-expected U.S. employment data, the plunge in their prices over the past few months suggests the past decade’s rally is truly broken. After walking through what happened during the period of 2000-2011 (which saw ... Read More

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