Heterodox
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. In the wake of yesterday’s weak jobs report, bond yields and mortgage rates declined to 12 months+ lows, commodities declined across the board, stocks sold off sharply, and the 10 years to 2-year Treasury spread un-inverted. That’s bad news and good news. It’s bad news because it indicates a belief that the economy has weakened substantially, but good news because...
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