Wow. The FRA-OIS spread has only moved this much over 5 days *twice* since 2008.
Only during the March 2020 crash and 2008 GFC crash has the spread widened as much and as fast. pic.twitter.com/7xjotjPeGN
— Michael Goodwell (@MichaelGoodwell) March 4, 2022
so in 2018 the fed hiked into weakening caused by a trade war…today they are hiking into an actual war. and yet some people still think the outcome will be different/better. t.co/AQdJMF1wEj pic.twitter.com/TWkmLkmEHm
— MrBlonde (@MrBlonde_macro) March 3, 2022
$ARKK has now gone roundtrip from the pre-Covid Crash high.
That's innovation. pic.twitter.com/DElrdobOjm
— Michael A. Gayed, CFA (@leadlagreport) March 4, 2022
European grocery stores could run out of a key cooking oil as soon as next month as the war in Ukraine halts trade from the crucial supplier t.co/ffxg27Mv3w
— Bloomberg Markets (@markets) March 4, 2022
By creating so much Inflation, the Fed put Russia into a position of power – they can flex their energy and resource might as a threat to the West – which they are.
Short term greed has consequences.
We see those today.
Political Risk is Systemic Risk.
— Paranoid Bull (@paranoidbull) March 4, 2022
Markets clearly think the probably of an economic downturn is growing regardless of a better-than-expected jobs report t.co/XwjNaa0CA6
— Bloomberg Markets (@markets) March 4, 2022
*PALLADIUM SURGES TO $3,000/OZ ON RISKS TO SUPPLY FROM RUSSIA t.co/U6SQncYfFI
— zerohedge (@zerohedge) March 4, 2022