US Supreme Court Justice Potter Stewart once stated that with regard to obscenity, “I know it when I see it.”
Break on through to the other side? Of inversion?
The US Treasury yield curve is slowly headed towards inversion (10Y-2Y slope declines below 0 basis points).
The NY Fed’s 10-year term premium remains in negative territory.
It won’t be an…
In the past, US yield curve inversion meant an impending recession. But not anymore in this highly-manipulated Central Bank Treasury market. But now that Cleveland Cavaliers’ star Lebron James has moved on to the Los Angeles Lakers, we can concentrate on what is important! My former colleague at University of Chicago, Raghu Rajan, is not … Continue reading Does The Flat Yield Curve Point To A Looming Recession? (Hint: Not Necessarily, But The Fed Is Driving The T-Curve Towards Inversion) →
Thanks to President Nicholas Maduro and friends’ gross mismanagement of the Venezuelan economy, it now costs one million Bolivars for a cup of coffee.
When a Nobel Laureate in economics says that the housing market has been overheated since 2012, people listen.
For the first time since April 2012, core Personal Consumption Expenditurs Prices YoY rose 2%!
And today, the US Treasury 10Y-2Y slope further flattened to 31 basis points.
It is no secret that Deutsche Bank in not a fan of The European Central Bank (ECB) and partly blames its woes on the ECB’s monetary policies.
The Smart Money Flow Index is a technical analysis indicator demonstrating investor sentiment. And it has just crashed to its lowest level since 2011.
The role of residential mortgage lending has been shifting from large banks to non-banks with the growth of Quicken Loans (and their products Rocket Mortgage). Now we are seeing investors jumping into the housing arena such as FlyHomes.
The Atlanta’s Fed’s GDP tracker has upgraded Q2 GDP to … 4.7%!