I could learn to love the dollar, if given enough of them
Weaker dollar gave risky assets a boost, but the pick-me-up effect is fading
It has been raining for a whole month, metaphorically, in funding markets. The US 2-year Treasury yield approached 5 percent, forcing the yield curve to invert to the greatest extent since 1981. Doomster tourists dusted off their trusty ‘yield curve prognosis’ to tell us, in unison, that recession must be round the corner. Numerous reports suggested the…
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