This is a great read and I encourage everyone to do so... It is...

This is a great read and I encourage everyone to do so... It is US focused but it is related to us too!

Larry McDonald: «We Will Witness a Historic Migration of Capital» (themarket.ch)

Snippet:

What is the best way to prepare for this new environment?

You want to be in hard asset type companies, companies that do well in an elevated inflation regime. Copper and aluminum producers such as Freeport McMoRan and Alcoa will benefit from the lack of capital investment, as the electricity infrastructure needs to be modernized and expanded. Big names like BHP, Rio Tinto and Vale should also be part of your portfolio. It’s expected that 40% of the growth in demand for copper will be based on green technologies such as electric vehicles, wind turbines and solar systems. And there’s been such an aversion to mining that the amount of copper mines scheduled to come online over the next decade is probably less than half of what it was ten or fifteen years ago. I think Barrick Gold could even change its name to Barrick Copper and Gold because copper will play such an important role for their business.