Tuesday, February 15, 2022

Yields up, oil up, dollar stable

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.

No comments: