"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?"
The inverse yield has correctly predicted a recession for the past 50 years, but i'm sure this one is different :-/
The macro environment is we solved the 2008 debt crisis by piling on more debt (a primary school student can figure out that doesn't work). The lower interest rates, stimulates more debt (short term growth). The Fed will bandaid this with rate cuts, and the true effect will take 12 months to play out.
Watch Deutsche Bank closely however, that will be the "Black Swan" event. HK is a distraction.
I have read your remarks, I dont understand how you think it relates to todays price movement for DCN. It's in an uptrend based on improved performance and his enhanced by macro environment. At this AUD rate and gold price is very profitable. (no I dont care about hedging levels)
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