GREY:NEVDQ - Post by User
Comment by
bogfiton Dec 07, 2023 9:29am
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Post# 35772767
RE:Reading the tea leaves
RE:Reading the tea leaves “All the forward-looking indicators — new orders for electronics, for example, new export orders — they all suggest that there is not a pick-up in demand and in fact, it’s more likely the U.S. economy will slow into next year, European demand looks still wobbly and so does the rest of EM [emerging markets], so where is that demand going to come from for a sustained export cycle?” Neumann said.
“That’s really a bit of a headache then for Asian policymakers including in mainland China, because they need to rely on domestic demand to really get the engine going again, and for that we haven’t seen evidence of that happening just yet.”
China's economy has a 'steep hill to climb' despite positive export surprise: HSBC (cnbc.com)
IMO copper's day is coming, it's just not on next year's calendar.
b.