🚨GLOBAL RECESSION ALERT🚨
Copper plummeted below $4.10 for the 1st time since Mar 2024, heading for the worst streak since the Pandemic CRASH.
Copper fell for 9 days straight, as inventories SPIKED to highest since 2020.
As a reminder copper is a key economic bellwether. pic.twitter.com/FGTB5A3fzt
— Global Markets Investor (@GlobalMktObserv) July 25, 2024
ANOTHER US RECESSION WARNING:
The number of people receiving unemployment benefits spiked by >30% over the last 2 years, highest increase since the COVID Crisis.
In the past, every time when US continued jobless claims rose more than 20% from their lows, a recession followed. pic.twitter.com/Q6qFbJ9Fc0
— Global Markets Investor (@GlobalMktObserv) July 23, 2024
THE PARTY IS NEARLY OVER:
US consumers' interest paid of non-mortgage debt SKYROCKETED 50.0% year-over-year in 2023, the highest in at least 3 decades.
Moreover, mortgage debt interest paid surged by 13.8% from the previous year, the most since the 14.3% seen in 2006.
Insane. pic.twitter.com/T2l2VFwdu2
— Global Markets Investor (@GlobalMktObserv) July 24, 2024
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