It's simple. Around the world the sovereign bond 10s/2s yield spread is screaming global #GrowthSlowing. While 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.
It's not rocket science.
We're just measuring and mapping the cycle and the vast majority of economic indicators are flashing red.