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Goldman sees new commodity cycle as shale oil spurs US growth

Posted on 14 January 2014

The commodities cycle that sent prices rising almost fourfold over 10 years is reversing and will eventually drive raw materials into a structural bear market, Goldman Sachs Group Inc. said.
Growth in shale oil output will keep U.S. energy prices low, reinforcing economic growth and leading to more tapering of government stimulus, the bank said. That will cut raw-material demand in emerging markets and lead to weakened currencies that will encourage more production. The new cycle is the opposite of the “super cycle” that ran from 2002 through 2011, Goldman said………………………………………..Full Article: Source


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