This recalls a familiar historical pattern. Falling real (inflation-adjusted) interest rates in the 1970s, 2002-2004, and 2007-2008 were accompanied by rising real commodity prices; sharp increases in US real interest rates in the 1980s sent dollar commodity prices tumbling.
这让人想起了似曾相识的历史模式。20世纪70年代、2002&mdash;2004年以及2007&mdash;2008年，真实（经通胀调整的）利率的下降伴随着真实大宗商品价格的上升；20世纪80年代美国真实利率的急剧上升导致大宗商品美元价格暴跌。