Timing The Recession With Mike Shedlock
Lead-Lag Live
00:00
Bond Market Sell-Off
The bond market the sell-off has been really deceptive right because as you keep alluding to it wasn't credit spread wide new duration spread state tight throughout that even today they're still very tight. It's like I know a lot of people think that sure the Fed's gonna step right in and do QE again after everything we just went through with inflation which is why this is so unusual usually if you're in a recession default risk premiums rise. The EU was now struggling to come up with their EU first package because what Biden did was illegal under the World Trade Organization he funneled money for America first.
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