The great unwinding
Should be an interesting week ahead
Lots of deflation in the air. We could get a repeat of autumn 2008 into spring 2009 which was a deflationary panic. WTI at $40 is dramatic! Natural gas in down about 33% from a year ago. Copper...way way down and copper is an industrial activity indicator. China used to hoard copper ingots and store them outside. Hoarding them in anticipation of the copper being needed for manufacturing electronics and more and for wiring new buildings and laying electric cable
>>Should be an interesting week ahead<<
Yes it will. Probably see a short term bounce of triple digits, then continue the bleed.
I follow the Bloomberg economic calander for indicators of the direction of the economy. Gotta say, these analyst desperately paw at any tiny lil report pointing even slightly positive.
Over the last several months, various reports such as PMI manufacturing, durable goods, GDP, various regional manufacturing indicies have looked horrible.