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Takeaway: The 10s/2s yield spread is a classic #LateCycle economic indicator that's been signaling global #GrowthSlowing for some time now.

This Classic #LateCycle Indicator Is Flashing Red Around The Globe - traffic light red

It's simple. Around the world the sovereign bond 10s/2s yield spread is screaming global #GrowthSlowingWhile central planners plug their ears, here are four charts of the yields spread, and their year-to-date compression, from the U.K., U.S., Germany and Japan that plainly illustrate the dour economic outlook.

1. U.K.

This Classic #LateCycle Indicator Is Flashing Red Around The Globe - uk 10s2s

2. U.S.

This Classic #LateCycle Indicator Is Flashing Red Around The Globe - us 10s2s

3. Germany

This Classic #LateCycle Indicator Is Flashing Red Around The Globe - germany 10s2s

4. Japan

This Classic #LateCycle Indicator Is Flashing Red Around The Globe - japan 10s2s

It's not rocket science.

We're just measuring and mapping the cycle and the vast majority of economic indicators are flashing red.