The bearish curve steepening we feared is fast becoming reality. The impact on risk assets occurs less through the textbook arbitrage channel and more via negative effect on collateral and hence on #liquidity @au_shareplicity @johnauthers https://t.co/VuMvsqnJQ4
— CrossBorder Capital/ GLIndexes (@crossbordercap) August 14, 2023
It's not the height of rates that destroys the economy but the rate of change.
Rates have gone from 0.25% to 5.25% in a little over 12 months. What the Fed did is something we've never seen before even back in the 1970s.
The crush they've unleashed on the economy is 10x worse. https://t.co/lBcGZiyl6Q
— Financelot (@FinanceLancelot) August 14, 2023
Cartoon from 2008 during the last bubble.
Will history repeat? pic.twitter.com/QQ0wioM2vL
— Wall Street Mav (@WallStreetMav) August 13, 2023
Warren Buffet's favorite indicator: The ratio between equities and GDP, is currently above the levels seen in the 70s and in the dot com bubble. pic.twitter.com/ksHh1BqKYj
— Swordfish (@Swordfishv44183) August 13, 2023