Multiple markets now say the crisis has begun.

Eurodollar University · Mar 16, 2023 · 23m

The curve shape we've been waiting for - and dreading - has finally shown up. This "bad steepening" indicates a 2008-style scenario is unfolding right now. Not a 2008 repeat, but the same general (and generally awful) combination of deflationary money and weak economy.

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