Powell's readdress on the US progress was dovish... all on track for a soft landing. Maybe some small rate cutes in mid 2024 if things regress to over stagflation and jobs lossed are going up to much to prevent a further depressed economy.
Mught also need to print a bit to stimulate if this happens. China will be a factor that will help with deflation with there exports to the world that will need to be pushed out to help there economy get out of there blues at the moment.
Renewables will also help against inflationary pressure as they are a cheaper alternative. OPEC latest deal to reduce supplies as under $80 a barrel for Saudis us unviable.Hence other countries disapproval the pior week.
From the ABC news:
https://www.abc.net.au/news/2023-12-02/australia-commits-to-tripling-renewable-energy-capacity-decade/103181500?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=other
With the bipartisan inflation reduction act..I feel USA with its free trade agreement abd the new made in America batteries/ mining sources will benefit AZL etc greatly.
The chinese controling the spot market will lead to major shortages of critical minerals because it will stop the development of new lithium mines because of them been harder to finance with the lower profitability of them.
With rmthe new regulations this will hold the price better for more even supplies and less boom/ bust cycles.
Dont agree with GM getting the ok from CATL special exemption from Biden to allow..but maybe the li lon production isn't there yet in the states. But good for one good for all.
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