Ever since last August, I have been somewhat fixated on what I dubbed the “Fed Spread“. Since mid-March, however, this thing basically hasn’t worked at all, and I’ve been puzzling as to why. One Sloper was kind enough to share a link to an interesting thread, which I am providing in its totality below. I am sorry the threads “overlap”, but just follow along 1/8, 2/8, and so forth.
