- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
It is surprising how large a majority of the high frequency data is positive, despite all of the chaos that has been thrown at the economy. Still, the bond market in particular has not been fooled by the consequences of the Big Bad Bust-out Budget Bill, as 10 and 30 year yields are at or close to 20 year highs. As a result, the US will have to devote more and more of its budget to interest payments on its debt. It is - or at least may be - the beginning of the dreaded “hockey stick.”
In any event, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and reward me with a little bit of pocket change.
