UBS: China ain’t recovering as foreseen – MacroBusiness<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"David Llewellyn-Smith quotes UBS: A normalisation of commodity demand in China seems further away post our trip. Our expectations for a sequential acceleration in infrastructure build do not align with insights on the ground. The 13th Five Year Plan makes it clear the emphasis to 2020 will be on services, consumption, \u2018new economy\u2019 sectors and … <\/p>\n
Continue reading “UBS: China ain’t recovering as foreseen | MacroBusiness”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-12680","post","type-post","status-publish","format-standard","hentry","category-stock-markets"],"yoast_head":"\nUBS: China ain't recovering as foreseen | MacroBusiness - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UBS: China ain't recovering as foreseen | MacroBusiness - the patient investor\" \/>\n<meta property=\"og:description\" content=\"David Llewellyn-Smith quotes UBS: A normalisation of commodity demand in China seems further away post our trip. 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Breach of that support level, or $98\/$100 for Nymex Light Crude, would signal a primary down-trend. Commodity prices have weakened in sympathy, with Dow Jones-UBS Commodity Index falling sharply since breaking\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Nymex WTI Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-31-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-31-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-31-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15380,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/06\/02\/ubs-buy-miners-macrobusiness\/","url_meta":{"origin":12680,"position":1},"title":"UBS: Buy miners | Macrobusiness","author":"ColinTwiggs","date":"June 2, 2017","format":false,"excerpt":"By Houses and Holes Re-published with kind permission from Macrobusiness. If you want to know why RIO is higher today than when iron ore was at $92 then check this out from UBS: Hitting the Wall or Just a Wobble? Australian equities performed poorly in May (falling 3%) despite global\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6708,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/13\/commodities-declining\/","url_meta":{"origin":12680,"position":2},"title":"Commodities declining","author":"Colin Twiggs","date":"February 13, 2013","format":false,"excerpt":"63-day Twiggs Momentum is forming another peak below zero, warning of further downside on the Dow Jones-UBS Commodity Index. Reversal below -5% would strengthen the bear signal. Failure of support at 136 would warn of another test of the 2012 low at 126. Recovery above 144 is unlikely but would\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11998,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/30\/global-economy-no-surprises\/","url_meta":{"origin":12680,"position":3},"title":"Global economy: No surprises","author":"ColinTwiggs","date":"June 30, 2015","format":false,"excerpt":"The global economy faces deflationary pressures as the vast credit expansion of the last 4 decades comes to an end. Commodity prices test their 2009 lows. Breach of support at 100 on the Dow Jones UBS Commodity Index would warn of further price falls. The dramatic fall in bulk commodity\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"$60 Trillion Global Credit","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-30-credit.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-30-credit.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-30-credit.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":14902,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/03\/06\/can-australia-dodge-the-great-deleveraging-macrobusiness\/","url_meta":{"origin":12680,"position":4},"title":"Can Australia dodge the great deleveraging? | MacroBusiness","author":"ColinTwiggs","date":"March 6, 2017","format":false,"excerpt":"Interesting chart from UBS (via Macrobusiness). Movement between 2002 and 2016 for a number of Developed and Emerging Market (DM and EM) countries in the ratio of bank credit to GDP and bank debt to credit. The good guys are in the top left corner and the bad guys bottom\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19673,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/01\/22\/global-commodities-economic-growth\/","url_meta":{"origin":12680,"position":5},"title":"Commodities & Global Growth","author":"Colin Twiggs","date":"January 22, 2020","format":false,"excerpt":"Commodity prices warn that the global economy is still in a slump. The Dow Jones - UBS Commodity Index remains at one-third of its 2007 peak, with no sign of recovery. 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