At jp morgan , fund manager stuart connell says much of the recent rebound in prices is down to demand from china which , despite the global slowdown , is still posting economic growth figures of around 6 % a year .
All of the reasons why investors first became so excited about commodities are still there , connell reckons . And because the credit crunch has starved many projects of capital , the supply issues have , if anything , got worse .
Tim connell , the managing director of an assistive-technology company in australia , told me that he has heard this described as " one of the advantages of being poor . "
