Treasury is paying one percent on year notes. The ten year reverted back to two percent.
In the mind of a median senator, one more jump up and their pet project is threatened. This is sudden stop. Congress is also suffering a COLA jump across the board. Bear markets threaten Cal pensions. In this ripple of a shock, will Congress have he liquidity? Can Illinois sneak by?
Consumer is threatening a strike, predicting victory in driving prices down in two years. Truckers are looking at a ten percent jump in fuel prices.
Crash? Nah, but we will slow. I think events drive us back to two percent real growth.
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