Hello, fellow rebel capital and soap you're well.

Did you see what happened in the oil market today?

That chart that we use for the thumbnail, that was real.

We didn't Photoshop that. I think that this changes everything. What I mean by that is we've had this

narrative in the mainstream media about the no landing soft landing soft landing and I think we're going to start to

see that narrative shift dramatically.

Let's start by going over to see and be see and we're going to get to the chart of oil. It's just mind-blowing. But before we get there, let's see

what happened in the Eurozone, some data that I saw this morning right when I woke up.

Eurozone inflation sinks to 2.4% below expectations,

way below expectations, I should say.

Key talking points, annual inflation in the Eurozone cooled to 2.4%

November from 2.9 in October. Well below forecast core fell to 3.6 from 4.2, providing fuel for expectations of European Central Bank rate cuts.

And if you guys remember, I think this video was done, what did we do this last week, I think Josh,

where we talked about how on net balance there's a lot more

Central banks lowering interest rates now globally than are increasing

interest rates and we just saw that kind of shift happen in October. But now let's get over so we've got some serious disinflation happening right now in Europe and you know the

feds target or I'm assuming their target as well is at 2.0 so they could get there very, very soon.

So if you start to see inflation,

CPI heading down to this level, if you start to see the unemployment rate go up, and if you start to see the unemployment rate go up and if you start to see what we saw

happen today in the oil market I don't know how the mainstream media continues to

push this no-land landing soft landing narrative, especially when you look at the

yield curve all the things that we talk about on this channel, assuming that the mainstream

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