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Hello all.
I am going to show a chart tonight which is built around the acceleration and deceleration in interbank rates and it's relation to GDP.
Here it is:
I will say more about this chart tomorrow.
But for tonight,
Interbank rate acceleration spikes mid economic cycle and leads the way down into the next GDP contraction.
Even with all the monetary shenanigans over the last decade,
this relationship seems to be holding constant.
We have undergone the biggest acceleration in interbank rates,
this should lead to the biggest deceleration on the flip side of the cycle.
This is one to watch.
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