I think this is a pretty telling figure.
The US abruptly stopped rate rises prior to the last 2 recessions. During the pauses in the blue lines, 3 critical things occurred:
1. The unemployment rate formed a trough.
2. The yield curve inverted, killing off lending.
3. The sharemarket peaked.
The US has experienced an enormous boom. The rev limiter is starting to show itself in the sharemarket, the blue line will flatline from here and the unemployment rate will likely form a trough. A new grey column will soon enough enter stage right.
Australia's yield curve is inverting along with the US. The Uk, Europe, Japan, etc curves are flattening.
https://www.bondsupermart.com/main/market-info/yield-curves-chartAustralia's unemployment rate will soon rise forming a trough.
https://mobile.abc.net.au/news/2019...y-most-in-six-years/11043940?section=business
