Following comments by Treasury Secretary Mnuch this morning that ultra-long bonds could "absolutely" make sense for America, the Treasury curve has jumped and steepened dramatically...
With 30Y yields back above the 3.00% Maginot Line.
Submitted by Stock Board Asset
The most common saying amongst the baby boomer generation is “America is not like it was when I was growing up”. Have you ever wondered what that means?
North Korea threatened to sink a US nuclear sub currently deployed in South Korean waters if the US take provocative action, responding to a statement from Donald Trump that the president won’t be “happy” if Pyongyang conducts another nuclear test.
After the US deployed a nuclear-powered submarine and an aircraft carrier to South Korean waters amid high Korean tensions, Yonhap reported that North Korea on Sunday threatened to sink the submarine, accusing America of stepping up military intimidation.
Earlier today in his weekly note, One River CIO Eric Peters explained that in their attempt to overturn the natural order of the global economic "ecosystem", what central banks have done is "stunning, unprecedented... and arrogant", and as a result it is only a matter of time before another "peak instability" moment emerges as "it stands to reason that our volatility-selling machine will break one day. We saw a glimpse of this in 2008-09."
Authored by Mike Shedlock via MishTalk.com,
In addition to a miserable performance in the auto sector and a very poor GDP report, the Trump Era Brings Rare Drop in Loans at America’s Regional Banks.