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Musings on Commodity Prices, Inflation Turnaround and Cycle Turning Point

Download PDF: Monthly_201911 The structural backdrop of excess global savings, lackluster global consumption and investment demand and deleveraging cycle have all push bond yields lower. Meanwhile, the slack in manufacturing activity since 2014, magnified by the trade war, has push commodity prices in real terms to a level equal to those in 2001. Subjectively, itContinue reading “Musings on Commodity Prices, Inflation Turnaround and Cycle Turning Point”