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Jeff Snider: The Credit Crunch Is Here As Ultra Rare Bond Market Signal Flashes Red For First Time Since 2008
Forward Guidance
The Markets Are Trading a Curve That We Didn't See in 2007 and 2008
There are epic levels of inversions that we didn't even see in 2007 and 2008. So the markets are as sure today as they were before mid-March, that these things are going to continue to happen. We still don't know when timing is always the issue, but at some point, the monetary deflation spills over into the real economy and it just leads to all the bad consequences.
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