Posted on 12/21/2023 11:50:40 AM PST by davikkm
In a surprising development, CITIGROUP has decided to exit the distressed-debt trading business, sending shockwaves through financial markets. This move is not just a business decision; it’s a signal that the economy might be entering a distressed cycle.
Several indicators point to an economic downturn on the horizon. Employment growth has slowed, and the 30-Year Treasury Yield recently closed below 4% for the first time since July. Investors seem to be following an old playbook of buying stocks before an anticipated rate-cutting cycle. However, history warns us that this strategy often ends in tears, as rate cuts are typically a precursor to an impending recession.
(Excerpt) Read more at citizenwatchreport.com ...
Can the Fed keep everything under control to help out Joe?
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