There was an interesting post on Zerohedge the other day, an interview of Dr. David Jack, author of the new book “From Boom to Bust: A Typology of Real Commodity Prices in the Long Run”. In the following exchange, Dr. Jack makes a connection between commodity prices and emerging market equity returns.
There is a new innovation boom playing out in the United States that has many positive implications for US equities. In July 2013, the BEA began including investment in intellectual property in National Income and Product Accounts. As part of this benchmark revision, the BEA revised the US national accounts going back to 1947 to