#OtavioTaviCosta Of #Crescat Capital: "Global PMI Is Now Below 50 For 16 Consecutive Months... The Global Economy Remains Heavily Indebted And Cannot Endure A Consistently Elevated Cost Of Capital Environment."

"An important barometer for the health of the economy:

Global PMI is now below 50 for 16 consecutive months.

There is a reason why central banks worldwide have been compelled to transition to a less hawkish policy stance.

In fact, more monetary authorities are lowering interest rates than raising them.

The global economy remains heavily indebted and cannot endure a consistently elevated cost of capital environment."

#OtavioTaviCosta Of #Crescat Capital: "Global PMI Is Now Below 50 For 16 Consecutive Months... The Global Economy Remains Heavily Indebted And Cannot Endure A Consistently Elevated Cost Of Capital Environment."

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