Phase III of the Commodity Super-Cycle will be a Global Food Shortage

In the last Newsletter we discussed our expectations for Phase II of the Commodity Super-Cycle. Today we want to follow on with our expectations for Phase III. Indications are this will be a Global Food Crisis in soft commodities.

What we are increasingly witnessing is bureaucrats at the helm of what is becoming sovereign nation "Regulatory States". The "Chevron Doctrine" has now become the guiding approach for the implementation of strategies that are not supported by an electoral mandate.