The business cycle is alive and well. This is what happened today.
--- Production....weak.
--- Inflation....declining
--- Dollar ....mixed
--- Stocks....broadly strong
--- Commodities...weak
--- Bonds....weak
Bottom line. The strong sectors are those strong in a weak economic environment. Commodities are weak because of the slow growth. Weak commodities are causing inflation to decline. What happened to the nonsense about China and its economic growth? The global business cycle is perfectly synchronized.
A final thought. We are doing all we can to set the groundwork for the next bubble.
More, much more when you subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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