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Huge moves today all over the place and the reasons why.
The one thing missing so far from the 2008-style scenario - mass layoffs - hinges entirely on whether businesses believe they can hold out for a second half rebound. As the weeks even days go by, this gets less and less likely. Markets can hear and feel the avalanche of jobs cuts just ahead bringing all the nastiness that will come with it.
Eurodollar University's Money & Macro Analysis
Janet Yellen: Inflation, Uncertainty, and Monetary Policy
https://www.bis.org/review/r171012a.pdf
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https://www.eurodollar.university
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The skinny
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