sellside observations for the week ahead (12/19th) -- "Recessions's Greetings" -TIME (1974)
thebondbeat.substack.com
Good AFTERNOON … There are a few things on my mind after a very big week of global central banking. I remain of the view — which you did not ask for nor sign up for — stated Dec 15, Employment remains OK-to-good and inflation, while coming in a bit, still requires some work to be done. THIS, again in my view, means lower asset prices (ie stock AND bonds) and at some point … sets up a bullish steepening of yield curves (pick one, I discuss a couple below).
sellside observations for the week ahead (12/19th) -- "Recessions's Greetings" -TIME (1974)
sellside observations for the week ahead…
sellside observations for the week ahead (12/19th) -- "Recessions's Greetings" -TIME (1974)
Good AFTERNOON … There are a few things on my mind after a very big week of global central banking. I remain of the view — which you did not ask for nor sign up for — stated Dec 15, Employment remains OK-to-good and inflation, while coming in a bit, still requires some work to be done. THIS, again in my view, means lower asset prices (ie stock AND bonds) and at some point … sets up a bullish steepening of yield curves (pick one, I discuss a couple below).