The producer price index (PPI) is falling at the fastest pace since 1948, leading experts to warn of a severe economic reset. The rapid decline in the PPI is a concerning indication of the current state of the financial markets.
Notably, the bottoming of the high-beta inflation gauge may draw parallels to the financial crisis trough in 2009, according to senior Bloomberg commodity strategist Mike McGlone on May 9, who outlined that this is a worrying sign for investors.
McGlone suggested that the current market conditions may lead to a similar financial crisis and revealed that Bitcoin (BTC) might potentially hint at when the PPI will reach its bottom.
“Bitcoin could help provide guidance on the outlook for further declines. When and where the high-beta inflation gauge bottoms may draw parallels to the financial crisis trough in 2009.”
The producer price index is falling at the fastest pace in its history since 1948 and #Bitcoin could help provide guidance on the outlook for furt
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