The trends do not look good.
Maybe it’s time to buckle up the seat belt.
By Pam Martens and Russ Martens of Wall Street on Parade
On November 9 of last year, a mere six months ago, we asked the question: “Does Jerome Powell Hear the Alarm Bells from Flattening Yield Curve?” Jerome Powell is, of course, the new Chairman of the Federal Reserve — the U.S. central bank and the body in which the United States has entrusted its monetary policy, for better or worse.
We wrote at the time:
“As of 7:48 a.m. this morning, the spread between the 10-year Treasury Note (yielding 2.33 percent) and 30-year Treasury Bond (yielding 2.81 percent) is even smaller, at a meager 48 basis points or less than half of one percent.
“It is a serious commentary on the bizarre financial times in which we live that a fixed income investor would be rewarded with less…
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