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Replying to Avatar preston

When you get a really large inversion like that, it’s the bond market screaming to the world that major recession is brewing. Short term borrowing rates are significantly higher than long term 30 year rates…A very difficult thing for businesses that aren’t profitable to navigate because if they try to roll their debt with less or equal interest expense, they can’t do it by taking out a shorter duration instrument.

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RL 3y ago

Feels like they can keep this charade going for much longer than we expected. How much longer until this entire house of cards goes FUBAR?

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