Author: esanchez

Industrial metals hinge on China, and Fed’s focus on money markets By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Industrial metals’ demand hinges on China growth Iron ore, aluminum, steel, and copper output has doubled or tripled since 1990s China consumes 40-50% of aluminum, copper, and steel produced each year Demand … Read More

Loonie paradox and how the budget deficit might distort the yield curve By Erik Norland, Senior Economist, CME Group Loonie paradox: Does China drive Canada/US dollar rate? China exerts a stronger influence on CAD/USD exchange rate than US China’s sway felt through commodities, which comprise half of all Canadian exports Is Canadian household, corporate debt … Read More

Industrial metals’ dilemma and beware of the bubble By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Industrial metals: Can demand meet supply challenge? Will supply of industrial metals continue to overwhelm demand in 2020? Demand prospects will hinge primarily on growth in top consumer China Emerging market currencies might take a … Read More

Global growth outlook and are US consumers overextended? By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Are US consumers overextended? Delinquencies in credit card debt, car loans have risen in recent years Student loan, mortgage repayments have been relatively stable High US debt levels no threat to continued economic growth Decade-long … Read More

Battle of the yield curves By Erik Norland, Senior Economist, CME Group Which yield curve foretells growth best? Treasury yield curve has turned mildly positive, private sector curve still inverted Private yield curve has been more accurate of the two over the past 20 years Inverted private yield curve might signal slowing growth late in … Read More