...given everything we see and hear about (1) CRE defaults (2) US fiscal profligacy (3) high debt levels (4) geopolitical trade dysfunctions and growing mercantilism, it is difficult not to imagine and expect and eventual recession. Just a question of when.
...this is why precious metals are for keeps, to be bought and accumulated progressively on dips, serves as insurance against loss of purchasing power which I think is becoming a given.
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Based on history, every time we have an inverted yield curve paired with a flattening Fed funds rate, the economy is heading into a recession. This time is not different.
