Because after getting soiled on Twitter talking about politics I either need a shower or a really boring indicator post as a remedy. I’ll put the shower off until later and bore you with an indicator.
Well over a year ago the yield curve inverted by a teeny and the media blared on about the inversion’s negative economic message. We noted then that it is the subsequent steepening where the changes (inflationary and/or deflationary) happen and in either case, changes will come about.
As of this morning the steepener is well in progress, slowly applying pressure. It’s been inflationary since March as inflation expectations continue an intermediate trend upward.
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