Read on Twitter
Oil is deflationary. Soft commodities look like they are going to follow suit and the US farmer is sadly going to be driven into bankruptcy, just like the shale patch...
1/
1/
Here is the monthly log chart of Corn. Horrific. It probably gets to $200.
And here are Soy Beans...$450?
And here is Sugar...$4?
And here is the CRB Raw Industrial Materials Index (not oil or gas). It looks like they will halve from here...
I just don't see how CPI or core CPI stays positive.
I think real rates will go up. That is the worst possible outcome.
Debt + Deflation = A Ticket to Bankruptcy.
I think real rates will go up. That is the worst possible outcome.
Debt + Deflation = A Ticket to Bankruptcy.
