Good Reason To Fear The Futures

The eurodollar futures curve has already turned on them. That’s why the sudden interest in things like federal funds futures. If it seemed yesterday with the release of the last meeting minutes that the FOMC members appear to be getting nervous, there is good reason. The eurodollar curve is already slightly inverted.

http://davidstockmanscontracorner.com/?p=188654&preview_id=188654&preview_nonce=3e0990eb4f&preview=true