Publications: Notes at the Margin

Forecast Often, Implications of Petro Deflation (August 26, 2019)


The beginning of this report was written on Thursday, August 22, the day before President Donald Trump’s insane (and we use the term deliberately) screed on the Federal Reserve and China. The original focus was to be on the need to revise forecasts regarding the IMO 2020 impact continually. However, Friday's events forced us to step back. Reflecting on them led us to our warning here of a coming deflationary cycle.


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