Yeah, it doesn't strike me as scary. I'd be more concerned if it were going the other way.

Undisciplined

If I put my macro data together it seems that we are heading towards a deflationary bust faster than I thought. The crash with reality for an entirely over-indebted world could be epic! But I better do not give time-lines. They always make You look stupid afterwards. But it's coming

TomK

Oil: Deflationary Shock At The Door?

have been watching that chart a bit lately, curious to know if you have any immediate predictions for what kind of scary outcomes low oil prices will result in?

or if this is just a sign that consumer demand is down, what comes next in your view?