“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
In each case the 20 week moving average curls under the 50 week moving average.
Although we generally use the 26 week and 52 week moving averages the principle
remains the same. We have seen a very significant crossover and a probable top
marking the start of what looks to be an economic recession.
Lets watch its progress.
(and a tip of the hat to Elvis_Knows for the nicely visual graphics. Thank you, thank you very much.)
