According to an article in BusinessWeek published back in July the global demand for commodities is on the rise. Foreign countries such as China and India are "snapping up" commodities as they see signs of global economic improvement. The article also states that companies are adjusting their inventories of raw materials because even though there may be signs of improvements there is still a great deal of uncertainty. The article infers that a recovery in commodities is a first step in economic recovery.
What are your thoughts? Has the global economy begun to recover? Were there signs of recovery as early as July? Is it smart for companies to re-stock their inventories based upon these signs of recovery?
In small town Southern Utah I sure don't see signs of recovery. I work in an industry where it would definately be nice to be recovering. Based on the latest economic data the current White House sure preaches the recovery has begun. I hope demand is on the rise in all sectors and that the recovery will take place in the near future.