Commodities on the Rise
The commodity super-cycle – in which commodity prices reach ever-higher highs, but fall only to higher lows – is not over. Despite euphoria around shale gas (indeed, despite weak global growth), commodity prices have risen by as much as 150% since 2008 – a trend that will continue to threaten living standards worldwide.
https://prosyn.org/yZNjv6t
SEOUL – The commodity super-cycle – in which commodity prices reach ever-higher highs, and fall only to higher lows – is not over. Despite the euphoria around shale gas – indeed, despite weak global growth – commodity prices have risen by as much as 150% in the aftermath of the financial crisis. In the medium term, this trend will continue to pose an inflation risk and undermine living standards worldwide.