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I own a 100oz of gold and 1000oz of silver. AMA
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Laid-off folks how long you been looking for a job?
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Is Genocide Sometimes Understandable?
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A key recession signal is back at levels last seen during the financial crisis https://apple.news/AYoneStHJRDOEzDrZW_7smg
We are definitely due for a recession based on the length of this business cycle. But the graph in this article totally demolished the point it’s trying to make. Right now the trend in the yield spread is decreasing, but in October 2007 it was increasing. Just saying it’s at the same level leaves out all the context.
We did not have his scale of QE back then. Most of these charts don’t apply as current financial conditions are very different.
Last recession was caused by housing bubble blow out and financial failure. These are not present now. That said, we have no clear idea of what else is lurking. Mass unemployment due to online sales? AI? US government unbearable debt?
I’m not sure housing is doing great. How in the hell are exotic dancers and bartenders still buying 300k houses? I’m in Everglades area right now - and hurricane damaged crap is selling for 300. WTF is going on?!
Because engineers pay the big bucks to see their titties...
The link is malware
Time for my puts to let me retire while I laugh.