Petro Rio S.A. ADR fka HRPTY

[viseu]

This forum is great. We have great fundamental analysis from drilla and now some technical analysis from tom. What about macro?

My 10 cents for what is worth. Looking forward for your comments as this is only my basic interpretation.
Hopefully we are not getting into deflation otherwise we will be screwed for the short/medium term (as an investor point of view). The lack of action from ECB plus the end line of the current QE on US does not look good. China has been responsible for around a quarter of all money injection in the world in the last few years , and god knows what China is up at the moment. At the current debt levels across the globe plus european banks still in a horrible shape, I cannot see inflation without more money creation. All stocks goes down on deflation (funny enough gold only works well on deflation and not inflation as most people like to believe). resources stocks would be hammered :( but would be a good entry point