Mar. 20 at 3:47 PM
$USAS $SIL $SLV $AG $EXK
That 10 year treasury bond just keeps creeping higher and higher. 4.394 and rising. And it hasn’t been at this level since June of last year.
We are truly marching into dangerous territory economically.
When oil was at its peak high of
$147/barrel back in ‘08, approx. 60 days later, the U.S. economy entered into a recession. Granted, the bulk of the pain inflicted originated from the housing sector but high oil prices is what tipped us over into recession. And now, WTI Oil is nearing
$100/barrel!
Same playbook but different dynamics. This time credit card debt is at an ATH. Car loan repos at ATH. Job losses now outnumber job gains. Commercial real estate write downs across many banks.
Calling a recession here in the short term if fundamentals don’t change.
And fun fact: major banks like our dear friends over at JPM, buying massive amounts of physical silver. Don’t believe me, look it up.
