Originally Posted by
BeastieRunner
-700.
Highest housing debt, higher than 2008.
Bond market flashed higher than 2008. The benchmark T-note broke below the 2 year rate, worse than 2008.
Citigroup down 6%. Bank of America, 4.3%, J.P. Morgan ... 3.5%. The banks are in free fall today.
And all the other things I've been talking about the last few weeks are happening today.
The equity market is on borrowed time after the yield curve inverts, which means we're 6-18ish months away from a recession.
Welcome to the Trump Recession.
