China is in the crapper, Mexico is slowing quickly, Europe is sick, Middle East is soft.
US/Canada has been the only strength in a year. In 2019 industrial pulp and paper prices have tanked. Auto is scaling back and halting a lot of Capex. Steel production is falling quickly, copper demand has recently softened. I could go on.
US Deficit spending by government and households is the only thing holding this together (surprise).
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US/Canada has been the only strength in a year. In 2019 industrial pulp and paper prices have tanked. Auto is scaling back and halting a lot of Capex. Steel production is falling quickly, copper demand has recently softened. I could go on.
US Deficit spending by government and households is the only thing holding this together (surprise).
.
