RE:RE:Worried of R? director Global Macro Fidelity 35y experience"Commodities are a really good play."
That's an opinion, not proof nor evidence. Perhaps the difference is I don’t accept credentials at face value. My reasoning and ideas do not improve with letters included behind my name, and if an idea is lacking reason or logic, it should be dismissed regardless of the source. I have a natural skepticism of fund managers telling the public what they really believe the economy will do, after all what good does that do for them? Public statements suggesting this or that might really do some good in supporting their investments.
I only watch a little more than half of the video and found the discussion focused upon the U.S. economy. While I have no great disagreement with the view presented, just realize that we’re no longer the dog wagging the tail.
China’s economy is phenomena never before witnessed and therefore the result of the contraction is difficult to measure. What happens in China doesn’t stay in China anymore. The rapid expansion of manufacturing has created an over-capacity that in better structurally secured economies could be absorbed, but as it is the Chinese housing debacle is draining the public’s faith in their future. Rising unemployment might become a crisis.