This actually also happened all the way to 2007 and even 2008. I remember it well because I was actively trading markets back then. Everyone was in a panic about high inflation with huge growth estimates for the world.Mother of all bubbles in creating, similar comments about immense value and exponential growth were circulating around in 1998 and 2006
growth attracts more money and that gives more growth, everyone makes a fortune in the bull market
Note the following charts show to the dates immediately before the massive 2008 crash.
Here was how commodities looked in early 2008. Rallying like nuts, high inflation expectations:
Here were emerging markets. Absolutely on fire with high global growth estimates. Notice here that the average (trend line) is up 60% over just two years... tremendous rate of growth in emerging market stocks.