Tuesday, May 1, 2007

AMP, Marc Faber Cite 1920s `Long-Wave' Theory for Commodity-Stock Optimism

(Bloomberg) -- Russian economist Nikolai Kondratiev argued in the 1920s that commodities move in 50- to 60-year cycles. His analysis suggested prices would rise early this century. They did.

Now investors Shane Oliver and Marc Faber are using his theory to back their bets that the 5 1/2-year-old rally in commodity-related stocks is only just the beginning.


Read more at Bloomberg Stocks News

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