Opening Statement from the November 2016 CCPM Forecaster

Opening Statement from the November 2016 CCPM Forecaster

Originally published on November 6, 2016

As a reminder,the persistent trend of loose monetary policy throughout the globe has been the result of stagnant demand, which has been the main driving force behind weak commodities pricing.

While most advanced economies have benefited from low commodities pricing,  resource-exporting nations (Australia, Brazil, Canada, New Zealand, Russia, South Africa) have been severely impacted.

Over the past several months we have been warning about weakness in the US and global economy. But we have not been concerned about a self-inflicted recession in the US ever since the global financial crisis (GFC). Rather, we have been much more concerned about...