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The next commodity supercycle may already be underway – Telegraph.co.uk

Goldman Sachs says the world is in the very early stages of a supply crunch that will drive resource prices through the roof

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The bull case is that central banks will accommodate this fiscal expansion much as they did 50 years ago (bar the Bundesbank), deliberately letting their economies run hot to achieve “escape velocity” after the long malaise of secular stagnation.   
Goldman Sachs says this revival of inflation will lead to the revenge of the old economy, and the effect will be turbo-charged:  a V-shaped recovery in demand will collide with a structural supply shortage, something normally seen only towards the end…

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