While legendary investor Jim Rogers believes that commodities remain one of the cheapest asset classes right now despite a considerable run-up in prices, he warns of a correction in the short-term.
What is triggering this bull run in commodities - supply side issues or demand improvement?
It is definitely the demand side. Chinese demand picks up normally whenever the world is going through a crisis. This has happened over and over again in the last two decades. The same thing happened when Covid struck. China has been the saviour of global commodities market. But this time around, unlike in the previous bull run, there is clear visibility that most of the governments will boost infrastructure to push demand. So that gives a clear runway for the commodities rally to last longer.
Mandi, February 15
After the completion of restoration work of Vijay High School, Mandi, residents are urging the state government to inaugurate the heritage building for tourist activities.
This building is situated in the middle of Mandi town, and is a wonderful masterpiece of Kathkuni architecture. The whole structure is made of forest wood.
Residents are urging the state government to set up a state library and a museum of other historical items related to Mandi s culture and history in this building to attract tourists. They say Chief Minister Jai Ram Thakur should inaugurate it soon.
About the structure
The building of Vijay High School was constructed in 1866 by the then ruler of Mandi state, Vijay Sen.
Read more about Haryana Police arrest 89 people, recover Rs 112 crore in GST fraud scam on Business Standard. Haryana Police said it busted four major gangs related to issuing or registration of bogus firms involved in fake invoice bills scam which defrauded the government exchequer of Rs 464.12 crore