Value posted the worst month vs growth in two decades |
00:01 -
06/06/23 |
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On average, gold tends to outperform stocks in the two years
after a yield curve inversion |
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The labor force participation rate among 25-54 year olds
(prime working age) has moved up to 83.4%, the highest rate
we've seen since January 2007. |
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Turkey is a story about repeated, increasingly huge credit
expansions (red) that often happen before elections. Most
important thing to stabilize Lira is to break this pattern.
These credit expansions create an illusion of growth that's
unsustainable and only lead to devaluation. |
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Investor purchases of US homes fell 49% over the last year,
the largest YoY decline on record. |
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