09.08.2016 - Barclays Channels ‘New Deal’ Lesson in ‘Shaky’ Commodities World
The outlook for most commodities remains shaky even after investors poured more than $50 billion into raw materials this year, and it may take fiscal stimulus to get things going, not more central bank easing, according to Barclays Plc, which reached for the history books to make a case. Additional monetary easing by the central banks is unlikely to support the outlook for global commodity demand or prices over the medium term, though more fiscal stimulus might, Kevin Norrish, managing director for commodities research, said in a weekly report on Monday. As possible evidence, the bank cited the impact of President Franklin D. Roosevelt’s “New Deal” policies to fight the 1930s Depression...............................................Full Article: Source
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