Copper Demand Set To Double In 20 years – The World’s Largest Operating Copper Mines Are More Than 75 Years Old.Conditions are ripe but wait for cycle to turn up for commodities.
Anything left with a positive real yield in Europe is getting eaten up right now. Sovereigns don’t offer much and if you want to take on corporate credit risk? This is the yield you’re getting on the BBG Barclays Euro Aggregate Index.
Nordea GDP model points to 1% GDP growth for US, which indicates that negative macro surprises should move to the US.
Why equities keep on rising ? Because Falling bond yields have triggered a renewed push higher for P/Es. Can the P/E continue to rise to infinity? The answer is NO…. look at German and Japan P/E levels, they are lower than US
Hong Kong currency market coming unhinged. HK interbank lending rate skyrocketing (up 30bps tonight alone!) as money evacuates the system. M1 and M2 collapsing…happens every time before the system snaps. (Kyle Bass)
