We got trouble in Potomac City! No, I’m not speaking concerning the quite a few Prime Secret paperwork that Biden carelessly left in his storage in Delaware and the UPenn Biden Heart. They usually discovered extra over the weekend. I’m speaking concerning the US Treasury 10Y-2Y yield curve being inverted for 135 straight days. And because of inflation, REAL wage progress has been adverse for 21 straight months.
All that is occurring whereas M2 Cash progress (inexperienced line) stalls to 0% YoY.

Swaps 5Y are rising as The Fed withdraws financial stimulus.

