Monday, July 29, 2024

Recession Watch: The Un-Inverted Yield Curve and Plunging Copper

Read full text: https://rubino.substack.com/p/recession-watch-the-un-inverted-yield?publication_id=1166121&utm_campaign=email-post-title&r=y7h5a&utm_medium=email 


What you'll notice is that generally the trend is down. This broadly highlights an end of the macro cycle for the current financial system. Generally the relative valuation of copper to the monetary benchmark of insurance against collapse is decreasing [Gold]. The dotted red line shows a regression analysis downtrend, indicating growing fears about the debt situation. Essentially, more money is flowing into gold than into construction as we approach the end of a failing fiat, debt-based financial system. Notice in this chart that every time we cross with the copper price down from above the dashed red line with any degree of momentum, it's associated with a recession