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MacroVoices #331 Jeff Snider: The Eurodollar Curve Says Deflation Not Inflation

Macro Voices

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Global Recession

jeff: It seems to me this could be the first time in many decades that we had what i'll call a co ordinated global recession. Normally economies around the world are on slightly different time cycles, but we just had everybody in unison go through the coved pandemic. So you get to a major natural event, which should have been a real negative on the economy. Central banks around the world stimulated like there was no to morrow. That allowed the immediate time frame around the actual pandemic not to be recessionary. Now it seems like, because of inflation, central bankers around the world have to take their foot off the gas and it's setting up a perfectly time synchronized

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