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Monday, January 13, 2025

Yield Curve Indicator Still Waiting For A Recession

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The U.S. 2-/10-year slope inverted in mid-2022, and we are still waiting for the recession that was allegedly predicted by the yield curve. ...
Monday, January 6, 2025

Yay For The Bond Vigilantes

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The New Year has started off as well as one could suspect. In addition to the Co-President arguing that the United States should invade the ...
2 comments:
Wednesday, December 18, 2024

Banknote Short Follow Up

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I have again been ambushed by distractions — Christmas shopping and consulting (to pay for the Christmas shopping). I just have a few short ...
Monday, December 9, 2024

Canadian Recession Watch

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I saw a comment by former Bank of Canada Governor Stephen Poloz that suggested that only population growth is keeping Canada from slipping i...
Monday, December 2, 2024

Yes, Banknotes Are A Central Bank Liability

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David Bholat recently wrote “ How to Modernise Central Bank Balance Sheets: No Notes. ” It is partly in response to this article . The idea ...
16 comments:
Wednesday, November 27, 2024

Tariffs: Only Transitory Inflation

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I managed to not notice a curling rock in my path when sweeping on Monday, so my writing plans this week were curtailed as I nurse my left k...
Monday, November 18, 2024

Tariffs As A Fiscal Tool?

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One of the more predictable outcomes of this election is that I am now running into analyses suggesting that tariffs are a growth-enhancing ...