Are Central Banks About To Make A Major Error?

Where Are US Treasury Yields Headed?

The latest surge in commodity prices is now underlined by evidence that the World economy is shifting into a higher gear: this despite the fears of many economists. Just released final figures for end-February 2024 confirm that World shipping volumes are jumping, led by buoyant Asia-Pacific trade. Consider the chart below which reports (using 3 month moving averages) latest data on Asia-Pacific and World shipping volumes. Forget the doom and gloom, World business is on a roll!