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The chart above shows the yield curve today. The yield curve is simply a chart showing treasury yields at different maturities. So 2 year means the current yield to maturity for the current 2 year note. The curve is a chart of those yields.
The chart looks calm but it is actually filled with violence. It is telling us that:
We are going to have a deflationary recession or depression next year.
There will be wave after wave of personal, corporate, and even governmental bankruptcies.
Violence will break out in the streets of some countries, perhaps even the US.
Governments will be overthrown and be even more vicious than even the current vicious environment. Nationalism will rise. Taxes will rise. Authoritarianism will rise. Disease will rise (monkey pox anyone?). The Four Horsemen will ride in 2023. We are in the calm before the storm.