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Commodity prices distorted: Citigroup.

Australasian Business Intelligence, September, 2006

Byline: Charlie Corbett

Sep 13, 2006 (Investor Weekly - ABIX via COMTEX) -- Investors have been warned that the current boom in commodity prices is in part due to large inflows of cash into the sector. This is the view of Alan Heap, the MD of Citigroup Investment Research, who was speaking at the recent Conference of Major Superannuation Funds. He also noted that much of the current boom in commodities was due to the strength of the Chinese economy, but that the Chinese Government was trying to put the brakes on it. Similarly, he said he was worried by a sign of decline in the confidence of consumers in the US, where 30 per cent of China's exports go.

Publication Date: September 2006

CONFERENCE OF MAJOR SUPERANNUATION FUNDS (CMSF) PTY LTD...

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