Ask homeowners in Ft Myers Florida who can not even get people to look at their home after they have been lower the price time after time. Speak to the car salesman. It is not just Florida;
We could be in a RECESSION RIGHT NOW!
There exist tenable indicators present in every Recession.
They are logical and historically related to economic weakness.
Any one of them is not conclusive but when there is a confluence, the risk of Recession rises dramatically.
Every aspiring economist has learned about the Inverted yield curve.
Guess what ...
We have an inverted yield curves.
The 10-year Treasury yields no more than 2.5% above 3-month Treasury yields.
What about widening credit spreads?
There has been an increase over the past 6 months in the spread between commercial paper and 3-month Treasury yields, as well as between the Dow Corporate Bond Index yield and 10-year Treasury yields.
Do I need to ask if commercial loans to mortgages have been become more stringent?
Andrew Abraham
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