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The only way is DOWN for commodity prices

MacroBusiness
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at 12:40 pm on April 8, 2021 | 5 comments
I do enjoy a good stink with a commodity supercycle fanboi. Today’s example is Tom Stevenson at Fidelity International who writes under the title “the only way is up for commodity prices” that:
Inflation is everywhere and always a fiscal phenomenon.
The Biden administration has embarked on a war against inequality and this will be inflationary.
There’ll be endless fiscal building, green new deals etc.
This is all very bullish for commodities.
So, let’s unpack this a little. Why is it so very bullish for commodities? So the argument goes: ....

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