Paul Hodges of New Normal Consulting and publisher of The pH Report returns to Forward Guidance to update viewers on the state of the chemicals and automotive industry. Hodges sees significant overcapacity in chemicals and persistently low price of ethene, propylene, and other chemicals suggests that demand is weakening. Jack asks about whether the fall in inflation in the U.S. economy, which occurred while the labor market and spending stayed strong, indicates that a “soft landing” is a likely outcome in the U.S. or might have even already occurred. Filmed on January 5, 2024.

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Timestamps:
00:00 Introduction
26:09 The Bank of Japan Faces A Dilemma
29:09 Why China's Economy Could Remain Weak For Longer Than Many Expect
43:25 The Chemicals Market Remains Weak
55:42 Will The U.S. Continue To Be Immune To Global Slowdown?
01:09:13 Euphoria In The Stock Market
01:10:43 Hodges' Concerns About The Bond Market
01:17:59 Why Can't The Printing Continue?
01:27:52 The Federal Reserve In 2024
01:34:12 Why Paul Is The Most Risk Averse He's Ever Been
01:40:12 Geopolitics
01:42:05 Green Energy and Electric Vehicles

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