How a Consultant Predicted the Commodities Crash... Five Years Ago

Livewire News

At the 2011 World Economic Forum in Davos, Barrie Wilkinson, a partner at the consulting firm Oliver Wyman, was predicting a future crisis - starting in 2015 with a crash in commodity prices. "Based on favorable demographic trends and continued liberalization, the growth story for emerging markets was accepted by almost everyone," Wilkinson wrote in 2011. "However, much of the economic activity in these markets was buoyed by cheap money being pumped into the system by Western central banks. Commodities prices had acted as a sponge to soak up the excess global money supply..." Hear Bloomberg’s interview with Oliver Wyman in the latest edition of their Odd Lots podcast. (VIEW LINK)


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