Paul Hodges of New Normal Consulting and publisher of The pH Report returns to Forward Guidance to update viewers on the state of the chemicals and automotive industry. Hodges sees significant overcapacity in chemicals and persistently low price of ethene, propylene, and other chemicals suggests that demand is weakening. Jack asks about whether the fall in inflation in the U.S. economy, which occurred while the labor market and spending stayed strong, indicates that a “soft landing” is a likely outcome in the U.S. or might have even already occurred. Filmed on January 5, 2024.
Public dot com has just launched its new high-yield cash account, offering an industry-leading 5.1% APY. Learn more at https://public.com/forwardguidance.
A High-Yield Cash Account is a secondary brokerage account with Public Investing. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. US only. Learn more at https://public.com/disclosures/high-yield-account
__
Follow Paul Hodges on Twitter https://twitter.com/paulhodges1
New Normal Consulting https://t.co/d5mkV0QuBb
pH Report https://new-normal.com/the-ph-report-overview/
Follow Jack Farley on Twitter https://twitter.com/JackFarley96
Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance
Follow Blockworks on Twitter https://twitter.com/Blockworks_
__
Use code FG10 to get 10% off Blockworks’ Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london
__
Timestamps:
(00:00) Introduction
(26:09) The Bank of Japan Faces A Dilemma
(29:09) Why China's Economy Could Remain Weak For Longer Than Many Expect
(43:25) The Chemicals Market Remains Weak
(55:42) Will The U.S. Continue To Be Immune To Global Slowdown?
(01:09:13) Euphoria In The Stock Market
(01:10:43) Hodges' Concerns About The Bond Market
(01:17:59) Why Can't The Printing Continue?
(01:27:52) The Federal Reserve In 2024
(01:34:12) Why Paul Is The Most Risk Averse He's Ever Been
(01:40:12) Geopolitics
(01:42:05) Green Energy and Electric Vehicles
__
Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
