Back on Sept 2019 I turned bearish on the economy and markets. We officially entered a recession on Feb 2020. Before COVID hit,
Covid took a garden verity recession into a depression mostly because of its gross mishandling. The yield curve at the time was
Flashing red and everyone said its different this time. I posted this chart back then prior to the spike laughing how wrong they are.
The yield curve in simple terms tells you how much risk a bank can take based on their profitability, The higher line on the chart
goes the more profit for banks the more risk they can take. Currently we are at historic levels of profits for banks in the middle of
a pandemic economic depression.
Covid took a garden verity recession into a depression mostly because of its gross mishandling. The yield curve at the time was
Flashing red and everyone said its different this time. I posted this chart back then prior to the spike laughing how wrong they are.
The yield curve in simple terms tells you how much risk a bank can take based on their profitability, The higher line on the chart
goes the more profit for banks the more risk they can take. Currently we are at historic levels of profits for banks in the middle of
a pandemic economic depression.
Real Macro Economic Investing
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