twitter.com/Bamabroker/status/1019911108889600002
precious, industrial metals slaughtered with CRB Index — may be a global slowdown is on the horizon
Easy in the short term:
US gets a higher standard of living being able to buy cheap goods in exchange for dollars that are recycled into treasuries keeping interest rates low allowing them cheap credit. Cheap credit allows larger homes, nicer cars & consumption
Disaster in long term:
US loses manufacturing jobs, a lot of skilled labor & becomes dependent on potential adversaries & foreign countries for most goods. Consumption economies are debtor economies prone to financial crisis. College becomes essentially worthless
2s10s curve flattens with copper collapse
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