Eurodollar University cover image

What it it's not just one or two, but all of them? The next step will be crucial.

Eurodollar University

00:00

The Curves of Inflation

The last thing the government wants is people to get upset and nervous about the banks because there's nothing more deflationary than a banking crisis on top of a curving version. And I think that's what the curves are telling us. We've got the low level of interest rates, which says deflationary background. You've got the steepness of the inversion, which means nothing good as far as the economy. If we really could see nominal yields on treasuries get down into that same territory again, it would suggest that the economy is not maybe DOA, but pretty close to a situation where we don't really want to be talking about this.

Play episode from 13:48
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
 Get the app