Recession

Uncategorized, Weekly Update

The Dreaded Yield Curve Inversion


Published August 16, 2019

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Like a surfer bounced by wave upon wave, investors were hit this week by a second wave. After a one day burst of market joy as the Trump Administration dialed back the September 1st imposition of trade tariffs, the U.S. Treasury bond market was rocked by a deeper reduction in yields. (more…)

Uncategorized, Weekly Update

Oh That Inversion? No Big Deal


Published April 5, 2019

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Markets have very quickly put behind them the whole inverted yield curve fear. It lasted all of a couple of days. The cold water was poured on that fear when Chinese manufacturing posted a surprisingly high reading, reversing months of declines. (more…)

Uncategorized, Weekly Update

U.S. Economic Indicators Show Strength


Published September 15, 2017

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Below is a really good overview of economic activity in the U.S. looking at some lower level data.

When times are good, people go to Vegas. Since the recession in 2008, Las Vegas convention attendance has climbed to new highs. At the current pace, convention attendance and overall Vegas visitation will set new records in 2017. (more…)