US FRA minus OAS spread

FRA reflects the interest rates demanded by banks, while OIS reflects overnight risk-free interest rates. The spread between FRA and OIS represents the trends of borrowing costs. The spread usually surges when the market demands higher risk premium.

On March 8th of this year it had retreated to 3.1. from a high of 46.20 on November 6th of 2022. Remember this was right before the "fake new Bull Market".

During the scamdemic of 2020 its high was 66.12 on March 10th of 2020.

For some perspective and to give you an idea where we stand currently as far as the "crisis" stands, on September 6th 2008 the spread widened to 165.19. That's when you saw slack jawed Americans, like yourself, standing around wondering why they couldn't get any work.

What does this mean?

You're, and by "you're", I don't mean a penniless pauper like you, are going to have a lot harder time of getting a loan from the Bank to grow and expand whatever investment you are making to better your life.

The Banking Sector has officially entered into a contraction phase and with it the Economy.$SoFi Technologies Inc.(SOFI)$