Someone better tell Jim Rogers. Nouriel Roubini says that the commodity supercycle is over.
Roubini thinks this is due to several factors:
- Chinese growth is slowing.
- China is moving towards a consumer economy and away from a capital intensive economy.
- Quantitative easing around the world will lessen.
- A weaker U.S. dollar.
Roubini does think that growing populations around the world will continue to increase commodity demandbut that supply increases will catch up.
If he were to pick one commodity that would do well, Roubini picks oil.
Roubini thinks this is due to several factors:
- Chinese growth is slowing.
- China is moving towards a consumer economy and away from a capital intensive economy.
- Quantitative easing around the world will lessen.
- A weaker U.S. dollar.
Roubini does think that growing populations around the world will continue to increase commodity demandbut that supply increases will catch up.
If he were to pick one commodity that would do well, Roubini picks oil.
