| 25.04.2013 - Wheels are falling off the supercycle |
| Since 1998, commodities have been in a bull market—the so-called supercycle, where surging demand for raw materials eclipses supply, juicing prices to abnormal highs. Lately, though, it has been all downhill for commodities. On Morgan Stanley's MS -0.74% recent earnings call, finance chief Ruth Porat characterized this weakness as cyclical rather than structural. But a more fundamental shift appears under way...............................................Full Article: Source |