bearishness

Two Years Too Late The Yield Curve Becomes Interesting

By Jeffrey P. Snider|2016-05-16T18:45:58-04:00May 16th, 2016|Bonds, Economy, Federal Reserve/Monetary Policy, Markets|

The US Treasury yield curve is flattening again, with parts finally in 2016 surpassing the bearishness exhibited to start 2015. The mainstream is just now starting to notice likely because unlike last year there are no longer credible excuses to simply wish it away. “Transitory” is not a word you find much anymore, replaced instead by reluctant and forced acknowledgement [...]

Credit Doesn’t Care At All What the FOMC Says

The stock market takes off in holiday celebration of the FOMC being even less clear than it really has been in some time; perhaps going all the way back to Alan Greenspan’s intentional mush. Equity “investors” are happy that the Fed may be happy about the economy, even though there is nothing in actual markets (outside of stocks) to suggest [...]

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