- by New Deal democrat
My Weekly Indicators post is up at Seeking Alpha.
There was good news and bad news this week.
The good news is that the yield curve decisively un-inverted this week. The bad news is that it happened because Treasury yields at the long end rose to close to 5 and 10 year highs, reflected in mortgage rates tied for 10 year highs. This is going to wreak havoc in the housing market.
As usual, clicking over and reading will bring you up to the virtual moment on all of the important economic trends. Also as usual, it will reward me just a little bit for the effort I put in to producing the report.
