Still an ascending wedge running out of steam, but I wanted to chart it again just to see what a more conservative date for the point of failure might be.
Overnight borrow rates are utterly mental. The real estate market is teetering on catastrophe. Delta is laying waste to conspiracy theorists in the Bible Belt and Midwest. Supply chains will once again be threatened. The Colorado R is drying up. Climate change is starting to real beat the crap out of agriculture. It's gotten so bad that winemakers in Napa can't get insurance. And it's fire season.
Get ready for a bumpy ride into the fall.
Overnight borrow rates are utterly mental. The real estate market is teetering on catastrophe. Delta is laying waste to conspiracy theorists in the Bible Belt and Midwest. Supply chains will once again be threatened. The Colorado R is drying up. Climate change is starting to real beat the crap out of agriculture. It's gotten so bad that winemakers in Napa can't get insurance. And it's fire season.
Get ready for a bumpy ride into the fall.
