It’s untested, results may vary, and it may appear a tad tongue-in-cheek. But it shot up 240% from long-run average and 500% from a year ago.
How the next housing bust might unfold – the best-case scenario.
This will dog the stock market going forward.
Japan monetized 50% of its national debt. Why has there not been a surge of inflation? And why can’t the Fed restart QE and do the same?
Ironically, after having lamented the flattening yield curve for a year, soothsayers now lament the steepening curve.
The “up to” begins to matter for the first time.
“But we’re a long way from neutral at this point.”
Treasury yield curve survives rate hike upright. Yield curves steepen in China, Japan & Germany. Era of NIRP scheduled to end.
The US is “on an unsustainable fiscal path, there’s no hiding from it.”
5% is here, 6% beckons as the next target.