We are about a year away from a fully inverted yield curve (3m vs 30Y) based on the current rate of flattening & recent rate hike cycles.
Central banks instigate bubbles. That is what causes panics afterwards. Stop causing bubbles and you need not worry about panic.
— Daniel Lacalle (@dlacalle_IA) July 9, 2018
“The only thing worse than being blind is having sight but no vision.”
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