{"id":14601,"date":"2015-11-21T08:46:06","date_gmt":"2015-11-21T13:46:06","guid":{"rendered":"http:\/\/olduvai.ca\/?p=14601"},"modified":"2015-11-21T08:46:06","modified_gmt":"2015-11-21T13:46:06","slug":"the-long-cold-winter-ahead","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=14601","title":{"rendered":"The Long, Cold Winter Ahead"},"content":{"rendered":"<div class=\"art-postmetadataheader\">\n<h3 class=\"art-postheader\"><a title=\"Permanent Link to The Long, Cold Winter Ahead\" href=\"http:\/\/www.acting-man.com\/?p=41518\" rel=\"bookmark\">The Long, Cold Winter Ahead\u00a0<\/a><\/h3>\n<\/div>\n<div class=\"art-postheadericons art-metadata-icons\"><strong>Not Immune\u00a0<\/strong><\/div>\n<div class=\"art-postcontent\">\n<p>Cold winds of deflation gust across the autumn economic landscape.\u00a0 Global trade languishes and commodities rust away like abandoned scrap metal with a visible dusting of frost.\u00a0 The economic optimism that embellished markets heading into 2015 have cooled as the year moves through its final stretch.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-41521\" src=\"http:\/\/www.acting-man.com\/blog\/media\/2015\/11\/winter.jpg\" alt=\"winter\" width=\"640\" height=\"378\" \/>Photo credit:\u00a0<a href=\"http:\/\/www.cannockps.co.uk\/members-section\/member-galleries\/david-byrne\" target=\"_blank\">David Byrne<\/a><\/p>\n<p>If you recall, the popular storyline since late last year has been that the U.S. economy is moderately improving while the world\u2019s other major economies \u2013 Japan, China, and Europe \u2013 are rolling over.\u00a0 The U.S. economy would power through.\u00a0 Moreover, stock prices had achieved a permanently high plateau.<\/p>\n<p><a href=\"http:\/\/www.acting-man.com\/blog\/media\/2015\/11\/Global-trade.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-41520\" src=\"http:\/\/www.acting-man.com\/blog\/media\/2015\/11\/Global-trade-1024x932.jpg\" alt=\"Global trade\" width=\"640\" height=\"582\" \/><\/a>Growth in global trade has been slowing down for some time. This chart is slightly dated, but in US dollar terms, global export growth has recently turned deeply negative \u2013 click to enlarge.<\/p>\n<p>&nbsp;<\/p>\n<p>But somewhere between collapsing oil prices, dollar strength, and consumer lethargy the economy\u2019s narrative has drifted off plot.\u00a0 The theme has transitioned from one of renewed growth and recovery to one of recurring sickness and stagnation.\u00a0 Mass malinvestments in U.S. shale oil, Brazilian mines, and Chinese factories and real estate must be reckoned with.<\/p>\n<p>Price adjustments, bankruptcies, and debt restructuring must be painfully worked through like a strawberry picker hunkered over a seemingly endless furrow row of over ripening fruits.\u00a0 Sore backs, burnt necks, and tender fingers are what the over-all economy has in front of it.\u00a0 The U.S. economy is not immune to the global disorder after all.<\/p>\n<p>More evidence is revealed each week that the unexpected is happening.\u00a0 Instead of economic strength and robust growth, economic fundamentals are breaking down.\u00a0 Manufacturing is slowing.\u00a0 Consumer spending is soft.\u00a0 For additional edification, let\u2019s turn to Dr. Copper\u2026<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Long, Cold Winter Ahead\u00a0 Not Immune\u00a0 Cold winds of deflation gust across the autumn economic landscape.\u00a0 Global trade languishes and commodities rust away like abandoned scrap metal with a visible dusting of frost.\u00a0 The economic optimism that embellished markets heading into 2015 have cooled as the year moves through its final stretch. Photo credit:\u00a0David [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,1851,195,202,3761],"class_list":["post-14601","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-commodity-price-collapse","tag-debt","tag-deflation","tag-global-trade"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14601"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14601\/revisions"}],"predecessor-version":[{"id":14602,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14601\/revisions\/14602"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}