– by New Deal democrat
My Weekly Indicators post is up at Seeking Alpha.
One measure of how the Russia-Ukraine war has been “normalized” globally, is that industrial commodity prices have declined sharply – on the order of 25% – in the past two weeks, taking back their entire sharp increase at the start of hostilities.
Meanwhile, the Treasury yield curve has “normalized” somewhat more in the past several weeks. Despite that, the majority of financial indicators outside of the yield curve are decidedly negative.
As usual, clicking over and reading will bring you up to the virtual moment on the economy, and reward me just a little bit financial for the effort I make putting the news together.