If It Walks Like A Bear, Growls Like A Bear…

Friday, January 15, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/15/2016

BofAML’s Michael Hartnett says that clients are no longer in “denial” about recession/bear market risks; but clients not yet willing to “accept” we are already well into a normal, cyclical recession/bear market.

How about now?

As Hartnett warns, if it walks like a bear, and growls like a bear…

US 5y5y forward breakeven (USGG5Y5Y) collapses to lowest level since Mar’09.

The Rest…HERE

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