Not your average recession . . . .

[biglentil]

And no tire lasts forever, cracks and leaks develop under a heavy load of debt and waning influence, more and more inflation is required to keep it rolling but eventually and usually all at once more air(money printing) is of no use.

[errolanderson]

Selloff day, strap-in . . . Record deflation now running rampant across global asset classes. Check-out some longterm eye-opening charts. errolanderson.substack.com

[errolanderson]

BLOOMBERG COMMODITY INDEX
How fast are global commodity prices deflating considering heavily weighted crude oil has been in a modest uptrend?

[biglentil]

Dxy struggling to maintain 100, while Gold is flying near $2700.

Errol where'd you go?

[ajl]

Errol is too busy profiting off the deflation trade to post on here. Looked at canola prices today? Natural gas in Alberta is free these days if you can take delivery to give two examples of deflation. Kinda surprised gold is doing that well but it responds to crisis of all sorts but other commodities not necessarily.

[errolanderson]

China has been the major buyer of gold, but their economy is now in a severe deflationary recession / depression. China’s gov’t is panicking injecting 1trillion yuan ($142 billion U.S) into their failing banking system this week. Major record gains in the Shanghai and CSI indexes this week, but unlikely to hold (IMO).

U.S. economy has been in an unofficial recession since last spring. U.S. manufacturing now in a deep recession. Trucking industry fallout canary in-the-coal-mine.

Canada has only avoided a severe recession to-date by massive immigration, bandaid economics at-best. Will let the politicians battle this out.

My two bits, ‘throw it out with the wash’

Gold is heavily overbought. Reversal Friday? Miners are in the dumpster. Silver up, but struggling despite gold rocket launch.

USD is quite oversold.

Cdn $ up only on USD weakness. BOC will continue to slash rates.

Central bankers are panicking on deflation worries. Bankers can’t control deflation and can’t cut rates fast enough. Fed 50 pt cut again in Nov?

Banking crisis in-progress and battling to keep the odour under-the-sheets.

But apparently we are told it’s soft landing. What a bunch of BS, sorry agriville . . . .

OPEC has lost its oil price monopoly. They are now just a share of the global oil market. The U.S. is now the world’s largest producer. Alberta exporting aggressively. But WCS oil could break below $50 per barrel. Tough on gov’t budget.

Grains have been the ‘first to bottom’(IMO). Modest recovery now appears in-progress. Energies are a mess ie: oil. Diesel fallout continues.

Suffield spot nat gas broke below 75 cents per gigajoule this summer. Now about $2.50, but dirt cheap. Correct me here, but in Ralph Klein days, believe AECO spot approached $14 per gig in its heyday.

Investors actually racing toward cash despite index record highs.

Bottomline, not much adds up. Social media makes me turn green, but the show continues.

Want to hear more? errolanderson.substack.com

[biglentil]

Miners in the dumpster? Really?