Why did the 10-year Treasury bond yield soar from 3.97% on July 31 to 4.81% on October 3 (Fig. 1…
In our opinion, price inflation is turning out to be transitory after all. Wage inflation is more persistent, but moderating. Rent inflation…
Today, we challenge another aspect of the hard landers’ narrative: the notion that consumers will retrench, leading the broad economy into a…
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Despite the dark news coming out of the Middle East, today was sunny in the bond and stock markets. It's…
The bond market was closed today for Columbus Day. However, the iShares 20+ Year Treasury Bond ETF (TLT) surged 2.34%. This…
Hamas launched a coordinated surprise attack on Israel today. The timing suggests that Iran's mullahs instigated their surrogates in Gaza,…
This is a big week for two big issues troubling the bond market, namely inflation and the US federal budget deficit. The…
Debt Crisis I: A Plausible Scenario? “We’re going to have a debt crisis in this country,” Ray Dalio, the founder of…
The 10-year Treasury bond yield fell for a change today. It peaked at 4.87% at 2:45 am, but ended the…
Last week’s plentiful economic news netted out to support our optimistic economic outlook through next year, bringing more signs of improving…
Hurray! The bond market will be closed next Monday for Columbus Day. It has done enough damage in recent weeks. Today, the…
