Friday, March 27, 2020

The ten year rate

Check out the pattern.  Our recession today looks pretty much like out regularly scheduled recession for the new cycle, which started about a year ago when the ten year had a local peak.

Our favorite economists will tell us this is brand new, require the magic of Godot.  Not so, finance had been predicting the next down turn for a few years now.  Prediction of negative rates soon from the bond market. All indicators in Congress is that we just passed our regularly scheduled bailout.

We have a shitload of pundits, from both sides, claiming only Godot can help us, Horse manure, both sides got us into this periodic mess, mainly our ignorant senators. The last thing we need is a bunch of Kanosians triggering the recession of 2028, then lying about it.

No comments: