FLASHBACK: Bernanke January 2008: ‘Fed is not forecasting a recession’

And then they blame an event "nobody could've seen this coming".
Don't fall for it.

— Sven Henrich (@NorthmanTrader) November 21, 2022

Declining liquidity and resiliency of the US Treasury market arguably poses one of the greatest threats to global financial stability today, potentially worse than the GFC.

S&P Sees US Corporate Default Rate More Than Doubling in Shallow Recession