22.11.2012 - China won't cause a commodity crash (yet)
Edward Morse at Citi (via Business Insider) has made a bearish call on the commodity supercycle based on a slowing Chinese economy and re-balancing growth away from infrastructure spending toward the consumer. I beg to differ. The secular commodity bull cycle is not ending this cycle, but in the next downturn. That's because the new leadership are not reformers, and these "princelings" are showing little inclination to re-balance growth away from SOEs and big ticket projects, where many of the elites made their money, toward the household sector, which would benefit the Chinese economy longer term but would gore the CCP cadres' ox...............................................Full Article: Source
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