Falling prices to push out the 'froth'

WHILE admitting the correction in commodity prices over the past year had been “deeper than expected” Westpac said things were likely to get worse before they got better. However the bank predicted further price falls would help to clear the market of “speculative froth”.

Falling prices to push out the 'froth' Falling prices to push out the 'froth' Falling prices to push out the 'froth' Falling prices to push out the 'froth' Falling prices to push out the 'froth'

Westpac’s latest commodities report, titled “A commodities correction, but not the start of a long-run bear market”, forecast a continued fall in near-term commodity prices as a necessary

loader