Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6549763669587214336
The Speed of Sour: LIBOR Now Inverted, Too:
Last week, for the first time since February 2008, the LIBOR curve inverted. The 3-month tenor has been on the move downward for some time. The 1-month rate has been gentler in its slope. Last Thursday, the two finally crossed. As unnatural as inversion in the UST curve or elsewhere, it’s another sign of imminent rate cuts.
I am somewhat reluctant to point out how it was on August 9, 2007, when this same thing happened for the first time last time around. It doesn’t mean we are repeating 2008, only that the market perceives substantial negative factors…
Likelihood of George Soro’s ‘Reflexivity’ evident in what may seem [Statistically] as ‘Cause’ and ‘Effect’ despite there being no real ‘Causation’, rather likely Auto-Correlation chasing its own tail: More in the following Princeton Presentation on George Soro’s ‘Reflexivity’:
Beyond Model Risk Management to Model Risk Arbitrage for FinTech Era: How to Navigate ‘Uncertainty’…When ‘Models’ Are ‘Wrong’…And Knowledge’…‘Imperfect’! Knight Reconsidered Again: Risk, Uncertainty, & Profit Beyond ZIRP & NIRP: https://lnkd.in/dJ-Gnxx .
#GeorgeSoros #Reflexivity #InterestRates #Markets
