MacroVoices #352 David Rosenberg: This Bear Market Has A Long Way To Go
Macro Voices
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The Inverted Yield Curve Is the Best Leading Indicator There Is
We need that yield curve to re-enter a positive shape led by Fed rate cuts. The Fed is telling there's not happening any time soon. They clearly are not happy with the level of inflation. I don't think they're very happy with the state of affairs in the financial markets. It'll be a classic case of waiting for Godo. This will happen.
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