Quote:
Originally Posted by McLovin
Interesting. For a variety of reasons, 2023 is certainly shaping up to be grim.
(It does seem like the inversion has happened before, no?)
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I WAS WRONG ABOUT IT BEING NEVER. But delightedly so in that every time there has been an inversion of FED funds and 10 yr note the economy has fallen off a cliff.
Note what was happening to the 10 yr after 2020..it was climbing rather precipitously....investors were pulling out or had no buyers...so the FED had to step in to support the USD particularly in the foreign mkts by raising interest rates..
the low rate environment is no more they have printed and borrowed too many USD
Now the intrinsic value of the currency has hit the asphalt and the American peoples free low interest rate and inflation rate ride is over...now the FED is unable to dot hat ..and the American people are going to have to start paying retail for their std of living.
The pinch for the American people has just begun..you already have nothing and you ain't gona be happy.