If China Killed Commodity Super Cycle, Fed Is About to Bury It

  • Raw-material losses worst since 1999, before China buying boom
  • Higher U.S. rates mean stronger dollar, further eroding demand

Has the Commodities Supercycle Run Its Course?

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For commodities, it’s like the 21st century never happened.

The last time the Bloomberg Commodity Index of investor returns was this low, Apple Inc.’s best-selling product was a desktop computer, and you could pay for it with francs and deutsche marks.