Relevant and even prescient commentary on news, politics and the economy.

Important changes in trend in the bond and stock markets, and a note on GDP estimates as well

– by New Deal democrat There’s no important economic data today, so this is a good time to write about several important developments in the stock and bond markets. First of all, as many of you may already know, a portion of the US Treasury yield curve, between the 10 year and 3 month Treasuries, re-inverted […]