- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
The big story continues to be the upward move in Treasurys. The spread that became most salient this week is the very wide 0.73% spread between the 2 year note and the Fed funds rate. In the past this has normally suggested that the Fed has gotten “behind the curve” and will hike rates soon. In other words, another sign of an “inflationary expansion.”
As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and bring me a penny or two in lunch money in return for collecting and organizing the data for you.
