With oil hovering around $30 a barrel, commodities prices in free fall, and China continuing to confront a series of market-rattling growing pains, global equities have entered full correction mode. The commodities-based global economy that has developed over the past 20 plus years is collapsing, and that’s a great thing over the long run for America and investors. Indeed, what we are seeing today could be the first phase of an eventual return to normality: A return to a time before China’s unsustainable economic surge, combined with its thirst for commodities, enormously distorted the prices of raw materials and energy resources, helping to prop up a host of troublesome regimes around the world, from Russia, to Saudi Arabia, to Venezuela while giving China outsize influence in world affairs. Think about it this way: Who are some of the biggest immediate and long-term losers out of this collapse of global […]