SUPERCYCLE RESTING BETWEEN COURSES
Investec Asset Management strategist Michael Power sees the commodities supercycle — which ran from 2000 to 2008 — as something that is merely resting between courses. In an article first published in the China Daily and then Business Day, he describes the past couple of years as an abrasive palate-cleanser ahead of the now-being-prepared main course. While China added an Australia to its economy last year, it could, he writes, be adding a Germany every year by 2020, and forecasts that volume and cost-efficiency focused companies will be the real winners in the more substantial and subtler main course to come.
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