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...
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And here is the CRB Raw Industrial Materials Index (not oil or gas). It looks like they will halve from here...
I just don& #39;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.