The OIS is signaling something very bad.
According to JPMorgan, the countdown to recession is on.
Back in April the 3y-2y curve inverted. Now, the 2y-1y inverted meaning the market anticipates peak policy in mid 2019 as opposed to early 2020.
This indicator has been reliant in predicting both the dot com recession and the housing bust.
Click on image to read full article.
I think the dollar tanking will only be great for crypto. Can't wait.
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