HAD stockmarkets fallen more than 40% from their peak, the national news bulletins and the mainstream papers would be full of headlines about collapse and calamity. As it is the FT did make commodities the splash today (plus a short view, plus a Lex) but there is less coverage elsewhere.But this is one of the great bear markets. It may seem less important because few people are directly invested in commodities. But in terms of people's daily lives, commodity prices are very important indeed. The Arab spring started as a response to soaring food prices in North Africa. Rising and falling prices act as a tax rise/cut for western consumers. For commodity producing nations, falling prices mean loss export earnings, lost jobs and currency crises.The key question of the moment is whether the fall in commodity prices falls into the good news (tax cut) or bad news (weakening global economy) category. Inevitably, the debate focuses...Continue reading Click here to read full news..