re: 40 lets play hide the bears
with the dollars strength past weeks and the oil price holding up this means other countries have a much higher oil price still to pay in local currency terms.
with petrol up one can only spend that money once
something has to give. historically costly foods get dumped along with durables. can only be slowdown. can't borrow much more cos too overburdened already.
berney is doing very well imo but nasty times ahead.
the bulls tho i think should be considering very carefully from here. china is definitely in slowdown mood. china doesn't want a bust scenario, if it can help it.
in all honesty it isn't bullish out there. punters rate relief and misunderstanding, is the way i see it.
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