Small business optimism survey, Private sector credit: Expectations all the more trumped up with the new tax bill, but the details show actual conditions aren’t doing so well

by WARREN MOSLER Highlights Optimism among small business owners is surging, according to the National Federation of Independent Business (NFIB), whose Small Business Optimism Index rose 3.7 points in November to … Read more

Yield Spreads Flash Warning, Life Savings At Risk, An Economic Downturn Is Underway… Stock Market Levels And Wealth Inequality Levels Similar To The Conditions That Created The Great Depression

North American yield curves are narrowing further today, now with less than .5% between the 10- and 2-year Treasury yield in Canada, and less than .70% in the US. Both … Read more