On Monday, the Bloomberg Commodity Index fell to a 12-year low.
This is bad news for economies dependent on commodity exports, particularly Canada and Australia.
In fact, the Australian banking system is as unsafe as ever due to the global commodities rout and an overpriced housing market.
In March 2014, I listed six dangerous stocks with tempting yields, including Westpac Banking (WBK), one of Australia’s largest banks. (more)
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