This is the biggest reason there will be no recession before 2021. Commodities drive the economy. US dominates grain and now oil.
We used to dominate coal, until the EPA declared CO2 is a pollutant.
“This is the biggest reason there will be no recession before 2021”
This is a gusher of new cash, and a stimulus to their supply and support chains - but economy-wide wages, employment and consumer spending power are now even bigger contributors to the overall economy.