The Scary Commodities Supercycle

According to the U.N.’s Food and Agriculture Organization, the global food price index has increased by 125 percent since 2000. To understand why, consider the seemingly intractable prices of global commodities markets… Not only do these complex commodities markets determine the cost of what we eat, but their high prices can fuel the kind of […]

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Australia’s Economic Growth Slows as Government Cuts Spending

Australia’s economy slowed last quarter as the government and consumers tightened spending, validating the central bank’s decision to cut interest rates yesterday. Third-quarter gross domestic product advanced 0.5 percent from the previous three months, when it expanded 0.6 percent, a Bureau of Statistics report released in Sydney today showed. The result compared with the median […]

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