- Today a crucial milestone was passed, as the Treasury Yield Curve entered "top to bottom inversion", where the shortest t-bill had a higher interest rate than the longest t-bond.
- The reality is that the present economy is dependent on federal stimulus, it has never evolved a self-sustaining reason to be.
- Bernanke admits we have had our time of "above trendline" growth, and must expect "below trendline" growth going forward. That's econospeak for recession, down turn or slog – slowing of growth.
Wednesday, August 02, 2006
Here are some warnings:
Posted by Richard at 3:52 PM