The stock market is getting volatile and the one year is at 1.6%, with the Fed twisting to keep that down. The ten year is not going above 2.5, look at the long term chart. We ran all this week with the curve, 10-1, at .75. If it goes up near 1.0, it is requant time.
We are going to get a container that does not fit the channel, likely state or local pensions, especially Puerto Rico, Illinois and some Cal counties in distress, at a minimum. With the hurricanes, we might see Houston pop. Or Mexico boiling over from murder, corruption and earthquakes.
The senate sees the boulder coming and call a timeout. One of those times when the elders huddle in the swamp and the kanosians are at the gate.
We need the intelligent cash card, like now.
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