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Market warnings about November have proven accurate. Again.

Eurodollar University

00:00

Introduction

The US Treasury yield curve first invert way back in March, and then it went in and out of inversion. By the time we get to early December, early to mid-December, suddenly that part of the curve is 70 to 80 basis points inverted. According to Census, or advanced estimates for the month of November, US imports fell by 7.6%. That's from October, seasonally justed, not accounting for prices, 7.6% plunge in November.

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