Macro forces driving cyclical downturn

Lakshman Achuthan, co-founder at ECRI, Berkeley Professor Barry Eichengreen, and Brian Angerame, portfolio manager at Clearbridge Investments, discuss how the U.S. dollar and global politics play into the downward slide of commodities prices. Here is a direct video link.

The demand bust playing out today was purchased by the credit driven boom which spurred over-capacity and oversupply while destroying purchasing power under the weight of record debt.  This global slump has been well earned through reckless policies.  Here is a direct video link.

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