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Troubling new low develops as this crucial market accelerates to the downside.

Eurodollar University

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The Euro Dollar and Depression Economics: What's Holding Rates Down?

The more the markets resist central bank rate hikes, the more they're telling you bad things are coming. What's holding rates down that's consistent with Wicksell and Friedman is lower growth and inflation expectations going forward. We'll we go over all of these monetary things: what are curve? What are they made of? What is the monetary system itself? It's not what you think. The euro dollar, what it is, what it's supposed to do and why it isn't doing what it needs to do.

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