The Yield Curve’s Steepener is Cooked, for Now

The 10yr/2yr spread is making a lower low, that breaks the steepening trend of 2019 and the signal would normally be thought to be Goldilocks; where inflationists get killed, gold/silver bugs get killed and many global markets under perform the USS Good Ship Lollipop. “Normally”. It could also be an anomaly or more likely, a Fed-driven whipsaw to get everybody back in line, and back … Continue reading The Yield Curve’s Steepener is Cooked, for Now

The Great Inflation Delusion – Dr. Ed

Ref. Dr. Ed’s… The Great Inflation Delusion The central bankers have been fighting powerful forces of deflation. With all the liquidity they’ve provided, they have succeeded in averting outright deflation. However, the Fed, the ECB, and the BOJ haven’t succeeded in pushing inflation in their countries up to their 2.0% targets. Inflation remains awfully close to zero and too close to its border with deflation. … Continue reading The Great Inflation Delusion – Dr. Ed