MacroVoices #372 David Rosenberg: The Bear Market Bottom Is Not In
Macro Voices
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The Low Inflation View for Commodities
On a near-term basis, I'm not bullish on commodities because there is a structural supply curve that's very positive for oil and for the entire commodity sector. The greening of the world and electric vehicles expanding. There's this natural demand that didn't used to be there for the commodity sector. And if you go into a recession, which by the way, the IMF pretty well told us that if we're not heading into a recession,. even with a very powerfully positive support of supply curve, I think the demand will take commodities lower.
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