MacroVoices #357 Darius Dale: The Recession is Coming But Not Until the Second Half
Macro Voices
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The Euro Overnight Index Swap Spread Versus the ECB Deposit Rate
The markets are already pricing in for postures amount of tightening by the ECB relative to the Fed. It's our belief that it's not likely that we have seen kind of the end of the dollar rally. We'll probably get a better buying spot buying opportunity in gold and, you know, maybe foreign currencies vis-a-vis the dollar as a function of this kind of phase extension of the liquidity cycle downturn.
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