Posted on 02/17/2023 4:55:28 AM PST by Kaiser8408a
Well, here we are again. Back to 2007 and the housing bubble and subsequent financial crisis. The US Treasury 6-month yield is back over 5%, a yield we haven’t seen since August 8, 2007.
Well, there is one notable difference. The Fed’s balance sheet is still at $8.4 TRILLION whereas it was only $866 billion on August 8, 2007.
The US Treasury yield curve? It remains deeply inverted as The Fed withdraws liquidity.
(Excerpt) Read more at confoundedinterest.net ...
Inflation was leveled out last two years with Biden selling off the Strategic Petroleum Reserve.
We are very vulnerable.
Biden is killing us.
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It’ll get worse before it gets better.
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