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MacroVoices #256 Russell Napier: Prepare for Secular Inflation

Macro Voices

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Is There an Investment Boom Coming?

There's an investment boom coming. I have noted in the past how copper has been a pretty good proxy for global growth. We're looking at high physical investment everywhere and that is positive for commodities in general. This green revolution is going to take a hell of a long time and in the meantime, we need oil. As the price of oil is in 15, 20 years from now, I would suspect it will be lower. There are plenty of opportunities in between nine then, if you're a trader, to buy oil. It means that the boom in oil prices has to end because we're going to reach peak consumption of oil. In this era of rising inflation, Swiss bonds produced good

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