Time Spreads to the Moon - Is There a Recession Coming?

The last time that the flat price was below a hundred bucks was in early may. At that point, that same spread between august and september only a dollar 62. But this is happening coincident with the flat price collapsing. I've never before seen front of curved time spreads exploding to the upside as the flat price is crashing at's almost impossible for that to be happening. So the physical market is screaming out bullish. And the mackrow traders, i think, are the only ones that are barrish here. Meanwhile, putton is just letting the west do the work for him. He doesn't have to do anything but sit back. What we saw this week is