15.01.2014 - Commodities super cycle over, says Goldman Sachs
The “super cycle” that sent commodity prices climbing nearly four-fold over a 10-year period is reversing and raw materials are now in a structural bear market, according to Goldman Sachs. In a report uploaded on Sunday last, the bank writes that expansion of US shale oil production will suppress energy prices, bolstering economic growth and leading to more QE tapering. As a result, emerging market currencies will depreciate further, encouraging growth in raw materials production in those countries...............................................Full Article: Source
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