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A micro thread 🧵👇
1/ What is a commodity supercycle?
They are near decade long periods where commodities trade well above their price trend
supercycles are rare
Going back 100 years, Only 3-4 supercycles have been identified & each was tied to a transformational period of economic development.
2/ A one-two year rally in commodity prices is NOT a supercycle, rather could just a rebound from an imp. event as what even happened after the 2008 great recession.