Consider the lead in this Bloomberg.com article: Super-Cycle Leaves No Economy Behind Before Davos Summit:

For only the third time since the Industrial Revolution, the world may be entering a long-term growth cycle that will lift all economies simultaneously, driving bond yields and commodity prices higher. More...

And who is the source for this forecast? It's Gerard Lyons, the chief economist and group head of global research in London for Standard Chartered. Lyons has written a report detailing the new economic Super-Cycle, the third since the 18th century. What were the other two? Good question!

• The four decades before World War I
• The three decades following World War II

Actually I find myself somewhat in agreement with Lyons — except for the timing of the third Super-Cycle. I think he may have jumped the gun by at least half a dozen years ... if we're lucky, and a decade or two if we're not.

Dow 36,000 anyone?