“WATCHING financial markets can be like watching a horror film. A character walks into the darkness alone. A floorboard creaks. The latest spooky sign is the spread between the three-month dollar London interbank offered rate (LIBOR) and the overnight index swap (OIS) rate. It usually hovers at around 0.1%, but has recently climbed to 0.6% (see chart). As it widens, bankers are bracing for a jump scare. ”

Read More Here => https://www.economist.com/news/finance-and-economics/21740742-financial-conditions-america-are-finally-tightening-indicators-signal

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