BIDEN'S BIG OIL PLAY
& RECESSION WARNINGS
This week the U.S. Treasury yield curve inverted for the first time since 2019. The U.S. curve has inverted before each recession since 1955, with a recession following between six and 24 months, but is this a surprise, and is this time different?
We also look at why the Russian Ruble has staged a steady comeback despite the ongoing conflict, the bounce in cryptocurrencies, and why UK house prices keep punching higher.
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