Deflation?
The production of too many useful things results in too many useless people
― Karl Marx
― Karl Marx
Copper is at a 5 year low
why? well capitalism is about doing more with less, essentially deflationary.
In the past there was a big war every 50 years. In those wars the destruction was massive. We don't have wars (which is good) but now we have overcapacity everywhere.
what to do? Don't spend because tomorrow it's going to be cheaper. Brands have a chance because they have a bit of pricing power. Pharma should do well because they also have some pricing power. As Karl Marx says we will have lot's of useless people in the world. Perhaps entertainment & games should also do well. I guess the useless people must be entertained.
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