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Market warnings about November have proven accurate. Again.

Eurodollar University

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The Global Trade Dynamic, Global Goods Explosion in 2021

In 2021, retailers and wholesalers over ordered on purpose to take advantage of what they were absolutely positive was a permanent plateau of prosperity. But as we know, 2022 turned out to be a very different and challenging global consumer environment. And we had a new to oil prices, again, a supply shock, lack of production rather than anything else. The inventory cycle began to eat away from the global trade dynamic that had happened in 2021.

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