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Impending jobs squeeze, or manipulated narrative?
It’s not too difficult to identify the potential storm clouds gathering on the economic horizon, so why is it that two of the largest investment banks feel the need to state the blindingly obvious over the past week? It is not as if either Goldman’s or JP Morgan are known for their philanthropy in offering […]
Continue readingYield curve danger signals
A flattening yield curve is often taken as a bad omen for prospective GPD growth, so according to this theory, surely the increasing divergence in rates across the maturity range is good? Hmm, well actually no, as yields also diverged, while falling in the 2-3 quarters immediately preceding the last two recessions. Perhaps horse and […]
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