RIO DE JANEIRO, BRAZIL - The post-pandemic recovery and unprecedented spending in the United States are boosting the prices of the basic trio of commodities: oil, food and minerals.
Is it a mini-boom or a new super-cycle? Economists have not yet reached a consensus, but the soaring prices leave no doubt: everything the world needs to live, generate energy, and produce is going up - and is likely to go up even more.
There is no shortage of money. The United States, and to a lesser extent Great Britain, are pouring investments into infrastructure works - US$2 trillion in . . .