World Trade Statistical Review 2023
wars in the Middle East, and this-time-we-really-mean-it producer discipline, the world exits 2024 with oil down for the year and clinging to the bottom of its heavily-managed range. As measured in ounces of gold, the stuff has basically never been cheaper. We turn to China for a key reason why:
... See more“ Trucking fleets in China are embracing
Doomberg • This Year in Gas
Globally, during this cycle:
-China has had strong industrial production, but weak consumer spending.
-Europe has been relatively weak both in industrial production and consumer spending.
-The United States has been strong in consumer spending, but relatively weak in industrial production.
Lyn Alden • July 2024 Newsletter: Rates Insensitivity in the Downcycle
Despite all the talk about how the world is standing in the way of China's growth, the world (including the US) continues to supply China with one thing it cannot generate domestically -- demand for its manufactures.
China's surplus again topped 10% of its GDP.
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