Jeff Currie on the 'Volatility Trap' Keeping Commodity Prices So High
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 14 April 2022
⏱️ 59 minutes
🧾️ Download transcript
Summary
Goldman's top commodity strategist Jeff Currie was one of the earliest to call that we're in a new commodities supercycle, starting early last year. Well, it's not even close to over. Currie estimates that we're just in the second inning of it. The issue is what Currie characterizes as a "volatility trap" that's keeping investment on the sidelines, despite surging prices of spot commodity prices. In this episode, he explains how far commodity prices can go, what the challenges are to inducing further investment, and what policies could help bring things into balance.
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| 0:54.2 | Hello and welcome to another episode of the Adlots podcast. |
| 0:58.5 | I'm Joe Weisenthong. |
| 0:59.8 | And I'm Tracy Alloway. |
| 1:01.4 | Tracy, we got the latest inflation data this morning. |
| 1:05.5 | We're recording this on April 12th. |
| 1:08.4 | And it was interesting. |
| 1:09.1 | I mean, it showed there's some easing perhaps in sort of core goods, |
| 1:14.1 | core inflation on that side. |
| 1:16.5 | But the headline, which of course includes energy and food continuing to |
| 1:21.8 | continuing to move higher, at least as of March. |
| 1:24.2 | Yeah, that's certainly right. |
| 1:25.7 | And last month would have captured the worst of the energy spikes. |
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