Last week I was engaged in a Q& A in the White Wave Trading discussion group when one of the participants inquired about the Hong Kong dollar PEG, which has held for almost 36 years.
Posts Tagged ‘curve inversion’
Notes From Underground: Is The FED Afraid of Inversion?
March 26, 2019Last week, NOTES FROM UNDERGROUND left off asking, WHAT IS THE FED AFRAID OF? The most ostensible fears are of a global slowdown coupled with a potentially too strong DOLLAR, which would create the possibility of a new global financial crisis. The world has borrowed heavily in dollars because of the FED‘s zero interest rate policy. Rates were too low for too long.