Entries from Chemicals & The Economy tagged with 'devaluation'
Crude oil and commodities decline as dollar rises
Friday provided a good test of the blog's analysis that Japan's aggressive policy of devaluing the yen could result in major downward pressure on crude oil prices: • The yen crashed through the $1: ¥100 level, ending at a 4-year...
Japan leads round of competitive devaluations
The blog remains very concerned that, overall, the economic policies adopted during the current Crisis are leading the world economy to the worst possible outcome. This outcome is totally predictable. Indeed it has been predicted by reputable experts for some...
Devaluations risk leading to a Cycle of Deflation
In February, the blog worried that we were at the start of a cycle of deflation, as depicted in the above chart from Comstock Partners. The warning signs were that major excess capacity was developing in many industries, and some...
Competitive devaluations begin
Last month, in discussing the 'Cycle of Deflation', the blog worried that "the risk is that we now see a round of competitive devaluations, as other countries also try to support their exports, and reduce import penetration". On Thursday, the...
The cycle of deflation
US fund managers Comstock Partners reported a 50+% gain on their flagship Capital Value Fund in 2008. The logic behind their out- performance is summarised in the chart, which depicts their belief that we are now in a global cycle...
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