by confoundedinterest17 The US economy is slippin’ into darkness. The Philly Fed NBOS General Business Activity Region Diffusion Index SA crashed to -22.8 in April. And today’s Fed Funds Futures data points to a return of The Bernanke/Yellen “Low Rider” policy …
by confoundedinterest17 I read over the weekend that the Biden Administration was planning to unleash its army of social influencers on us to hype Biden’s economic accomplishments before the Presidential election. I am not one of his preferred social influencers. In …
by confoundedinterest17 Slippin’ into darkness! The US Treasury 10Y-2Y yield curve, that is. At the same time that the 10Y-2Y yield curve inverts to -108 basis points, Bankrate’s 30-year mortgage rate has risen to 7.11%. Now that The Federal Reserve is …
by confoundedinterest17 Slippin’ into darkness! US labor productivity output per hour declined -4.1% QoQ in Q2 while unit labor costs rose 10.2% QoQ.
by confoundedinterest17 Slippin’ Into Darkness! Despite what Biden and his muppets say, there is a good chance that the US will slip into recession over the next 24 months. And with that, we are seeing a slight drop in US mortgage …