Banks constrain liquidity, causing tightening as money market funds suck up deposits, provision for credit losses, impacting consumption

Banks are tightening lending standards consistent with levels that have ALWAYS led to a recession

Buckle up pic.twitter.com/OjXqe4OpZN

— Game of Trades (@GameofTrades_) September 4, 2023

I don't know why this graph is so hard to understand.

The recession and big drop in stocks follow the steepener, and the bottom in equities happens near when the spread peaks. This isn't rocket science. pic.twitter.com/2QUUMT1qLR

— RJR Capital (@RJRCapital) September 4, 2023

The current yield curve inversion is at the same level as 1928. Let that sink in. pic.twitter.com/zEEaqCMETP

— Game of Trades (@GameofTrades_) September 4, 2023