I'll post some quotes from "The Australian Business Review" "Commodities in a meltdown, but coal, uranium offer some hope " "Copper has hit a six-year low" "

I'll post some quotes from "The Australian Business Review" "Commodities in a meltdown, but coal, uranium offer some hope " "Copper has hit a six-year low" "Nickel took another hit, ending at $US11,255/tonne while lead shed more value to close at $US1716/tonne." "Aluminium continues to weaken. ANZ says demand in Europe has failed to pick up, underlying Chinese demand is weak" Admittedly Australia is just the mining division of China so its hard not to expect them to crash. Still, Australia has been in an impressive housing bubble at least three times over trendline because China only grows and exports to China only grow, well, at least they only and always grow until they don't. That'll have some impact on financials in Australia and then the world. Nickel, for example, used to be pretty stable, almost "boring" in the 90s and before. Then it tripled in the boom, and has collapsed since then but is still about twice over trendline. This is interesting to think about technologically, imagine the price of NiMH batteries has been 3x trendline for the last couple years and "should eventually" drop to about a third of present price. Of course its little consolation that hybrid cars will be cheaper if you're unemployed because the economy crashed, but "someday" hybrid battery packs will only cost a couple hundred bucks. We might all be standing in church soup lines for food, but at least hybrid batteries will be cheap.