The recession is at the corner

Investors do not see how to exit from uncertainties. They rush on non-risky assets. The recession at the corner #monetarypolicy #recession

In the past, when all market rates on the US public debt were below the fed funds rate, this was a harbinger of a recession. The current period will not escape the rule. The decline in rates reflects a strong pessimism over the next few months and the incapacity to bet on the future.

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