#recession ... #GFC2 edition

#Deflation Doom Loop: 
#Collateral deflates in $USD terms (#corporate &amp; #EM #bonds, #stocks, #oil, #copper, even #gold)...
So can't get or roll over $USD #repo or #loans...
So more #asset #liquidations that deflate even more #collateral.
$DXY $TLT 📈 https://t.co/8KSyvkjMSZ