Chart courtesy of BNP Paribas Economic Research
Not since the great depression have US households seen their home, stock and pension values fall in value... what is interesting in that time frame we did not see commodities prices head higher, now to put a nail in the coffin, maybe I should say a rivet... interest rates are headed higher.. If the Fed has to raise rates... my indicators say no for now... this will accelerate the big unwind.
Checkmate for the central bankers..
