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Info not fearmongering. Swaps not Swiss. Dealers not Fed. The data and evidence are conclusive.

Eurodollar University

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The World Is Not Ending, but It's Getting Closer and Closer

The three month, ten year US Treasury spread invert for the first time during this cycle. The dollars exchange value is a global financial bell weather. When it goes up, that's bad for everybody, including those in the US. A US treasury rate is the risk-free rate for the financial system. So how can anything fall beneath it? Well, here we had that happen for the first Time.

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