Commodities’ Biggest Drop Since Lehman Is Bear Signal

June 2, 2010 by legitgov

Commodities’ Biggest Drop Since Lehman Is Bear Signal 01 Jun 2010 The biggest slump in commodities since Lehman Brothers Holdings Inc. collapsed is undermining Wall Street forecasts for accelerating economic growth and higher prices for everything from copper to crude oil. The Journal of Commerce Industrial Price Commodity Smoothed Price Index that tracks the growth rate of steel, cattle hides, tallow and burlap plunged 57 percent in May, two years after a decline that foreshadowed the worst recession in half a century.