Wednesday, October 30, 2019

Insurance cut

The blue is the effective federal funds, the red is the one year.

We can see the Fed trying to get ahead of the one year, like for the fist time in history even. This is an interesting test as the'slow down' tipping point has already occurred.

I still doubt a recession, but the doldrums is where we are. It all really depends on whether California slips into recession.

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