1) it's only two pages long.
2) it shows you how little these so-called professionals understand about what's going on.
The report reasons that commodities are in a bubble scenario and that bubble is about to burst. The note touches a few bases, but the key part is this;
That real world is called China. That real world explains why there's no copper left at the LME.
....while the Dow has done this.
And when the US finally gets itself together, stops foreclosing its houses and finds a bottom to its own economic mess, all those dollars that Greenspan printed will still be hanging around. And this points to the biggest mistake made by that RBS dude in his note. He blames commodity inflation on commodity demand and expects prices to return to his median once demand slacks, but INFLATION IS A MONETARY EFFECT, and this so-called professional financial adviser is putting a very large cart before a very large horse. That's a subject for another day, however. Today, you only need to remember one thing. I'm right and he's wrong.
*Ok so I'm picking on RBS, but it could have been any one of a hundred banks, really.
** In the period 2005 to 2007, US copper demand dropped 2MT per annum avg. while China demand grew 4.7MT per annum avg.