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Is There a Commodity Supercycle?
Every commodity super cycle is driven by low income groups, as well as every bout of implation. In fact, e u start with the seventies. It was l b j's a war on poverty. And i can't find an exception to that. Even think about green capeks as joe byden says, green capeks creates jobs. So everywhere we look, even the green capex, is focused on lower income groups. And as a resultth welook across the demand levels. Now, gasolene barrels were all times high this summer, and i can go across the board the volumes. Just look at the level of demand of durable goods and everything like that.