Quote of the Day

Yale economist, and renowned global thinker, Stephen Roach echoes our latest messaging herein:

“With the global economy really weakening, recession likely in Europe, downside in Japan and throughout east Asia, the American consumer has really been the only thing that’s held the economy afloat,” he said.

“But with businesses in the U.S. turning cautious on capital spending, these are the same businesses that make decisions on hiring, and if they pull the plug on job growth, then consumers are in trouble.”

In short, “there’s not a lot of leeway should we get a soft patch,” according to the Yale professor

That "soft patch" sentiment showing up in commodities in Q3...