The Long, Cold Winter Ahead

Not Immune
Cold winds of deflation gust across the autumn economic landscape. Global trade languishes and commodities rust away like abandoned scrap metal with a visible dusting of frost. The economic optimism that embellished markets heading into 2015 have cooled as the year moves through its final stretch.
If you recall, the popular storyline since late last year has been that the U. S. economy is moderately improving while the world’s other major economies – Japan, China, and Europe – are rolling over. The U. S. economy would power through. Moreover, stock prices had achieved a permanently high plateau.

This post was published at Acting-Man on November 20, 2015.