As inflation remains persist (thanks to endless Fed stimulus and endless Federal spending splurges), we are seeing The Federal Reserve finally withdrawing the monetary stimulus (tightening the monetary noose). And with it, the US Treasury yield curve (10Y-2Y) goes down with it.
Another sign of distress is the spread between credit and equities which has turned positive as it does in times of crisis.
First, we had Resident Biden visiting Ukraine, then Treasury Secretary Janet Yellen visited Ukraine (for some strange reason), then US Attorney General Merrick “The Mouse” Garland is visiting the Ukraine. What the hell is going on with the Biden Misadministration??
