Goldman Makes Key Connection With Dollar And Commodity Deflation

Goldman Sachs, which accurately forecast the consequences of a higher U.S. dollar on multinational earnings in October of 2014 – an issue now being felt in 2015 earnings season – looks into its rather logical crystal ball and connects the dots once again, this time focusing on commodity deflation. The deflationary trend is not over until its over The deflationary trend in metals isn’t going to end right now, a report released last Friday said. And one root cause of the deflationary boogie man is the U.S. dollar. In the report, titled “Mining’s ‘new normal’ – China slower, costs lower,” the…