My take on the commodity supercycle and stock market zeitgeist...and the new era of precious metals, uranium (just bottoming, btw)and alternate energy. As I have said here since 2005 "Get ready for peak everything, the repricing of the planet and "black swan" markets all over the place".
14 January 2009
Japan: Prelim Machine Tool Orders y/y: -71.9%
Japan Change in the total value of new orders placed with machine tool manufacturers: Prelim Machine Tool Orders y/y: -71.9%
Previous: -62.1%
These are absolutely unprecedented and frightening numbers.
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