The ongoing fear of global deflation just doesn’t fit with most of signals flowing from the marketplace.
China
Shifting the World into Forward Gear
Global economic activity remains disappointing, but medicine in the form of another wave of central bank easing, cheaper energy prices and currency exchange windfalls for the weakest areas of the developed world are in place.
Commitment to a Return to Growth
While the pace of the world economy remains disappointing to most commodity markets, a long list of central banks are exhibiting a commitment to a return to growth.
Continued US Recovery, But Global Economic Sentiment Still Not Strong Enough
The US recovery has continued and Euro zone 3rd quarter growth has been slightly better than some expectations, but global economic sentiment is still not strong enough to temper bearish sentiment toward most commodity markets.
Positive Forward Economic Views
Tthe outlook for the global economy is quite positive…
Aggressive Economic Assistance
What have we learned in the month of October? We have learned once again that free markets work and that market forces, given time, will provide a cure.
New Fears of a Return to Recession
Just when it seemed like global economic sentiment was showing signs of improving (or at least stop getting worse), it was dealt a blow with new fears of a return to recession in the Euro zone.
Global Economic Psychology Has Improved
Global economic psychology has improved, partly because of easing tensions in the Black Sea region but also because of generally positive US scheduled data flows.
Disappointing Pace in US Recovery
The markets are facing a repeat of “irrational exuberance.”
Long, Slow Global Economic Recovery
The US recovery looks destined to sneak up on the markets, particularly with the Treasury market.