15.03.2013 - Commodities on the rise
Dambisa Moyo, international economist and best-selling author, on why the "commodity super-cycle" is not over. 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. For starters, there is the convergence argument. As China grows, its increasing size, wealth, and urbanization will continue to stoke demand for energy, grains, minerals, and other resources........................................Full Article: Source
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