DISRUPTORS: Demand Destruction and the Exponential Age With Raoul Pal
The Delphi Podcast
00:00
The Consumer Will Not Be Saving the Day
In America, i think we've probably broken the consumer. The moment you raise prices, demand gets destroyed. I fear that oil might be the final shooter drop which will wipe out people's fears over inflation. Copper is already startindg to price a slow down. If it goes any lower, it'll start pricing the is m in full recession mode. And all demand is slowing. You just don't see it yet. It's only in the short turn rate of change you start to see it. So i do copper to come lower, and i think the year on year rate of change will follow that of these other indicators, starting to forecast a much lower price.
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