And what will the further reduction of interest do in terms of its effect on the real economy? Yes, today’s headline news is all about the inversion of the yield curve, but is this a historically comparable situation to justify the remark that a recession is 12-18 months away?
Macroeconomic transmission mechanisms are not straightforward, structurally invariant and never static. You comments are common place repetitions of what contrarians are making all across the wider media landscape. They need further development.
You misunderstood my remarks about what is happening today with DCN, perhaps you should read them again. DCN is a small gold producer. Revisit my previous comments on this stock if you want to better understand what I said about the events unfolding today.
DCN Price at posting:
$1.27 Sentiment: Hold Disclosure: Held
