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The accuracy of yield curve invasions is still debated. While it’s been usually kinda accurate in the US, in the rest of the world ... not so much. Besides the FED does American monetary policy, not one for the world. EZ-indicators are coming in meh and Chinese worse, it happens
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Rising American rates should help Trump in the trade war with China though, which is good. Most importantly, the economy is cyclical and nothing can change that.
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