14.03.2013 - Commodity supercycle is resting between courses
In the world of commodities, the past couple of years should be viewed as an abrasive palate-cleanser between the first course of the supercycle — which ran from 2000 until 2008 — and the main course that is now being prepared. To understand why, one first needs to re-examine the specifics of China’s recent nominal dollar growth in gross domestic product (GDP) — an extraordinary compound annual growth rate of 18.5% over the past decade. Even now, China’s nominal dollar GDP — that pool of demand that matters most to business — is still growing by about 13% a year...........................................Full Article: Source
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