Executive Summary
- The warnings signs that have our full attention & why
- What the yield curve is telling us about the next recession
- What indicators to watch for in the markets over the next few weeks/months
- The steps to take right now to prepare
If you have not yet read Part 1: Bubble, Meet Pin, available free to all readers, please click here to read it first.
The simple and sad truth is that it’s not different this time. Everything that was wildly over valued will drop in price - just as with every previous bubble bust in history. The appearance of economic health that was expensively and lavishly placed on the national credit card will evaporate as the bills come due.
The long-awaited correction has arrived.
We're confident in saying this now because there are too many recession indicators to ignore, the major central banks are not positioned to resume additional QE measures, and political and geopolitical tensions are rising that handicap the sort of well-coordinated sovereign partnerships necessary to rescue things from here.
In other words, there’s nowhere for the financial markets to go besides down.
Sure, they'll gyrate along the way; but following a long series of lower highs and lower lows. If we’re lucky.
If we’re not, we could see the sudden kind of dislocation that closes markets, borders, and distribution systems.
Because you’re reading this, you're among the few who can hear this message. More will wake up to it once the panic starts, but for now it’s still a tiny crew who can manage to hold this information in their minds and still move on with purpose through the world.
Now looking towards the immediate future, Who typically gets slammed first and most severely when a credit cycle ends? The answer is clear: it's the...
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