...This chart should give us a serious warning about Stagflation
...Demand Destruction is in progress (as reflected in the declining oil price) while yields remain stubbornly high because the markets totally get it that Powell isn't going to move.
...the US 10 yr yield ROSE +0.12% to 4.179pc even with the first quarterly economic contraction for the US!
...and Gold has just recovered its $3300 handle. AUD is down to 63.7c and helping AUD Gold.
