According to ChainCatcher, Otavio Costa, a macro analyst at Crescat Capital, said that the U.S. economy may face problems before the presidential election. He specifically mentioned the deterioration of liquidity in the U.S. government securities index, which has reached its worst level since the European debt crisis in 2011. In addition, U.S. Treasury liquidity has been eroded, and the United States has one of the largest interest rate gaps in history compared to other developed economies. Otavio Costa also warned that the U.S. economy may be about to usher in a "Bank of England moment." This refers to the UK's announcement of a £45 billion (more than $57 billion) tax cut plan, which has led to a sharp rise in Treasury yields, raising concerns about the sustainability of the UK's debt in September 2022.
