Recession Is The New ‘Stimulus’

By |2014-12-08T16:19:37-05:00December 8th, 2014|Commodities, Economy, Federal Reserve/Monetary Policy, Markets|

WTI is trading below $64 this afternoon and the long end of the UST curve is being bid rather starkly, the 30-year has dropped below 2.90%, there is an important element to consider about such “price discovery.” As my colleague Doug Terry points out, a 40% drop in oil prices is no longer strictly a matter of finance. In other [...]