One more time

This is the spread of rates over time.  The 20 year, 10 year, 2 year, etc Treasury yields over time.  What does it tell you?  There has been a march down in overall yields for the last 20 years.  The fiscal multiplier for Congress has sunk to less than one as Congress has bailed out one group after another.

Fiscal and monetary multiplier in Washington DC are useless.  We have counted down as far as we can with the existing structure, now it is time to restructure.