Post by
mrbb on Sep 14, 2024 4:18pm
Noises
this is an IMO piece, not a financial advice
We see don swan and battery boys singing the mainstream narrative, EVs and china woes on oil price.
yes, china is still growing, just not as fast as before, but the self proclaimed gurus here went with the mainstream and market sentiment that china is slowing. What's not been said is what's happening elsewhere. India is picking almost all the oil demand slack of china, cricket from the media. Vietnam, indonesia, thailand benefited from factories moved out of china. Meanwhile, china are setting up factories in Mexico, europe due to more favorable tariff. US is bringing back tech jobs to home soil. If china want to limit agriculture import from canada, US, EU, go ahead, i rather have cheap food than cheap EV. I see brazil is sleeping with china lately.