A Softening Is A Recession You Can't Say Out Loud

 On today’s show, we are looking at what global commodities prices are telling us very clearly about the global economy. You can manipulate inflation numbers. You can adjust GDP numbers. You can even fudge the unemployment rate. 

But what thing we know beyond a shadow of a doubt is that when demand exceeds supply prices rise, and when supply exceeds demand, prices fall. When we think of pricing, some prices only fluctuate in one direction. Salaries go up and they rarely go down. 

But for commodities, prices have no real ceiling, nor any real floor. So looking at commodity prices can tell you more about the general economy on a global basis than any report from any one government. 

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