This Is What An Economic Collapse Actually Looks Like

Why are swap spreads today as negative as they had been in the worst parts of April? Why is Swiss franc nearly as strong? Consumer prices undershooting and even turning negative offer a bigtime clue. As does the latest from Chinese and American factories. It’s not one big thing like April, it’s all the little things which keep coming up and piling on. Eurodollar University's Money & Macro AnalysisBloomberg Swiss Inflation Turns Negative for First Time in Four Yearshttps://www.bloomberg.com/news/articles/2025-06-03/swiss-inflation-turns-negative-for-first-time-in-four-yearsBloomberg Euro-Zone Inflation Slows Below 2%, Backing More ECB Cutshttps://www.bloomberg.com/news/articles/2025-06-03/euro-zone-inflation-slows-below-2-backing-more-ecb-rate-cutsBloomberg RBA’s Hunter Sees US Tariffs Dragging on Australian Growth, Jobshttps://www.bloomberg.com/news/articles/2025-06-03/rba-s-hunter-sees-us-tariffs-dragging-on-australian-growth-jobsOECD Economic Outlook, Volume 2025 Issue 1https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en.htmlCNBC U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlookhttps://www.cnbc.com/2025/06/03/us-growth-forecast-cut-further-by-oecd-as-trump-tariffs-sour-outlook.htmlBloomberg China’s Private Factory Gauge Plunges to Weakest Since 2022https://www.bloomberg.com/news/articles/2025-06-03/china-private-factory-gauge-unexpectedly-shrinks-after-us-trucehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU