What Is the Yield Curve Telling Us About the U.S. Economy?

The trends do not look good.

Rigged Game

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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