Every Equity Crisis Was A Currency Crisis First - Seeking Alpha
Every Equity Crisis Was A Currency Crisis First - Seeking Alpha
Source: Seeking Alpha
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DW NOTE
The headline implies currency debasement triggers equity corrections—but the current market structure suggests the opposite sequence. The Fed Funds rate sits 155 basis points below the 10-year yield while headline CPI runs at 3.53% and PPI at 5.51%. That's not a currency crisis preceding equity weakness; that's bond vigilantes pricing persistent inflation while equities ignore the signal and rally 18% anyway.