As in all dramatic and persistent revenue downturns, necessity is the mother of invention for those who survive.
Fadel Gheit, managing director at Oppenheimer & Co., talks about the outlook for the oil industry. Here is a direct video link.
To date copper has fallen 50% from its spectacular 2011 QE-induced, bubble peak. If long-term trends have their traditional pull in the mean reversion process, a further 50% to 70% decline from here, may yet lie ahead. Believe it or not…
When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.
Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations. Here is a direct video link. (warning the clip does not play in Firefox for some reason, try Safari to view.)
Cory’s Chart Corner
