The #Fed prints tens of billions of #dollars more of inert bank reserves while the US #Treasury hoards hundreds of billions more $USD #liquidity from the rest of the world… both of which spell #deflation.

#recession … #Fed Pushing on a String edition

The #Fed prints tens of billions of #dollars more of inert bank reserves while the US #Treasury hoards hundreds of billions more $USD #liquidity from the rest of the world… both of which spell #deflation. 📉 https://t.co/8FYE0yW2GL

— Invariant Perspective (@InvariantPersp1) December 10, 2020

Global Growth Rates… pic.twitter.com/guFC9Qrv7E

— Charlie Bilello (@charliebilello) December 10, 2020

The $VIX volatility index has held above the 20 mark for 203 trading days. That is despite the SPX 20-day ATR dropping to ~1% of spot. There is some serious discomfort in these markets beneath the surface pic.twitter.com/Tm0eTx75km

— John Kicklighter (@JohnKicklighter) December 10, 2020