January’s publication summarizes three articles that discuss how secular changes in the supply and demand of certain commodities will impact their prices and those of other assets.

• “2011 Outlook: The Return of the Cyclical Bull Market,” by Jeffrey Currie, Goldman Sachs, December 13, 2010.
• “Food Commodity Inflation as a Global Macro Influence,” by Bob Prince, Karen Karniol-Tambour, Ray Dalio, Jason Rotenberg, and George London, Bridgewater Daily Observations, January 13, 2011.
• “Commodities: Headed Down a Rabbit Hole in 2011?,” by John LaForge and Chay Norbom, Ned Davis Research, January 11, 2011.