"Caterpillar, while an amazing American success story down through the decades, is going to be facing a series of super commodity headwinds," said Mr. Chanos, the founder of Kynikos Associates.
So many artworks are super-commodities because they are rare objects or rare experiences, but I think that's not very interesting.
As China slows, however, and the commodities super cycle winds down, those Latin American nations that count China as a top trade partner, including Brazil, Chile, Peru, and Argentina (second after Brazil), are seeing their economies slow.
And that growth was the main driver of what was called the commodities super-cycle, which saw the prices of all types of commodities rise steadily since 2000.
They face global headwinds (China's slowdown, the end of the commodity super cycle, the Fed's exit from zero policy rates).
Today, the commodities super-cycle appears to be over (some suggest it ended sometime in 2011), a change that most attribute to slowing demand from China and increased supply; as commodity prices rose, more money went into farming and mining, leading, inevitably, to more supply hitting the market.
Over the course of the commodities super-cycle, the boom market for natural resources such as oil, steel, gold, manganite and platinum, lasting roughly from the turn of the century to 2013, China and sub-Saharan Africa's economies were effectively coupled: when graphed, they mirrored each other.
I buy China's resurgence and half the story on a commodity super cycle so Vale, Peabody Coal and Freeport get my money.
Incitec CEO Julian Segal told reporters in Australia on Tuesday that the combination of the two companies will create a leading global chemicals company favorably positioned to benefit from the hard and soft commodity super cycle. Fertilizers and explosives are both made from ammonium nitrate.
Growth is slowing for the fifth year in a row, as the commodity super cycle and unprecedented credit booms have come to an end.
