Panic & Recession Are Coming
One simple way to protect your money from the upcoming chaos.
An economic crash is coming. On March 30, Treasury yield curve spreads were 3 basis points on the ten-year minus two-year, and 0 basis points on the thirty-year minus five-year.
What does that mean?
Well, right on cue, Wall Street PR firms started issuing the “it doesn’t matter this time” white papers. They were telling the public not to worry, everything will be fine.
Don’t believe them, it does matter, and it’s time to start preparing for the next crash.
Trillions of dollars have literally disappeared from the global economy.
High-yield funds have experienced nearly three full months of outflows, which is bad. Meanwhile, new high yield issuance is at a pace of about one-third that of 2021 — also bad. The pace of M&A has slowed, which is bad when it precedes a recession, and at the same time that banks are getting hung with underwritten debt, which they are.
