The spread between 10 year US bonds and 2 year US bonds is currently at 5 year lows and will likely go negative post the fed rate hike next week. This would most likely cause the US yield curve to eventually invert and is a harbinger of a decelerating/recessionary economy going forward. Will tax cuts save the day? I doubt it.
Giving Iran Permanent Control Of The Strait Of Hormuz Will Be A Disaster
For The Global Economy
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When we were told that the ceasefire extension with Iran would include “the
toll-free opening of the Strait of Hormuz”, I didn’t realize that this was
on...
1 hour ago
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