The Inversion of Yield Curves

When the market started going down in October, it was because Jerome Powell said something along the lines of we are far from neutral. We're not even going to try to find neutral this year, let alone maybe the first half of next year, right? And to hope that something won't break between now and then, it's possible. But I think all three of us would argue it's less probable because we've got tightening going on and you've got yield curves around the globe.

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