
MacroVoices #321 Ole Hansen: The Commodity Supercycle Has Begun
Macro Voices
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Is There a New Paradime of Secular Inflation?
We're in a secular inflation, and people are just not used to the rules of the game changing. The mining looking for newr new mining capabilities can easily take five years from from e beginning toto yous. And spare thought for the oll mate, where you would be apart from shaleo. You are often looking at a five, ten year horizon. Are the oil mades prepared to bet on the global oil demand in ten years time? That, i thing, is really one of the questions that they are asking themselves. So basically simply a prolonged period of mismats between the demand and supply.
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