1179 sats \ 9 replies \ @siggy47 16 Nov 2023 \ on: Oil: Deflationary Shock At The Door? meta
Walmart in the U.S. claims that deflation may be coming to certain food items in the next quarter. Demand may have fallen off a cliff.
Enjoy the lower prices while you can, they won't last long.
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Nothing would terrify the U.S. govt more than deflation. Interest rates would be back at 0 quicker than you could say Bernanke.
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Seems likely...Elsewhere, UK BOE (small beer compared to the Fed, I know!) already flagging rate cuts next Summer as jobs market starts to stop.
Europe's ECB only got up to 4.5% and stopped there with recession indicators already flashing red.
They're gonna get the slowdown they wanted and then hit reverse!!
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I got the impression this week with europ. industry production cratering to -6.9% YoY they will be cutting far earlier.
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Jaw dropping!
Also saw EU imports down 24%, exports down 9%; seems crazy but presumably values are heavily impacted by oil and gas prices?
https://tradingeconomics.com/euro-area/balance-of-trade
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That's very true
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That's for sure. It would give my family a nice chance to relocate. Probably would be pretty bad for everyone else though
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This is the new normal. Think the big short. If you’re not confused your not paying attention
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