I have shared my primary case on this back in may.
This is a public repost for those who are still around.
Original:
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This chart is the #1 reason why the global market will drop from here:
Debt is going to reach unsustainable levels, banks will deny companies on the brink of bankruptcy loans, commercial real estate will spiral down at speeds never seen before, and the us stock market will get slashed by 50% into next year.
Oh yeah, and 401k's will turn into 201k's.
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Us10y w5 algo sits at 5.9%.
This is a public repost for those who are still around.
Original:
---
This chart is the #1 reason why the global market will drop from here:
Debt is going to reach unsustainable levels, banks will deny companies on the brink of bankruptcy loans, commercial real estate will spiral down at speeds never seen before, and the us stock market will get slashed by 50% into next year.
Oh yeah, and 401k's will turn into 201k's.
---
Us10y w5 algo sits at 5.9%.