Citi labels 2s/5s US yield spread as the best interest rate chart in the world. Bear flattening signaled Savings and Loan Crisis in the late 1980s, the Dot-Com crash in the early 2000s and the GFC in 2007.

twitter.com/Schuldensuehner/status/933449988276916224 TROUBLE? What is the predictive power of the yield curve? Shape of the yield curve, advanced by 15 mths, has a decent fit w/US GDP growth. But yield curve … Read more

When It Comes To Extravagant Military Spending, Congress Is Relentlessly Bipartisan, And All Bickering Stops, As Long As The Bacon Gets Spread To Every District And State.

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The backdrop: Money. More than ever before.  The Senate is expected to pass by a wide margin a $700-billion defense bill today. When it comes to … Read more