The Consensus is Wrong
Recent weakness in global equity markets reflects the increasing risk of recession and growing realization that central banks’ ability to promote sustainable economic expansion through monetary policy has waned. Estimates from Wall Street’s hive mind have yet to reflect these realities.
Grading the US Economy on the (Yield) Curve
Monitoring the yield curve is a much more rewarding exercise for investors that trying to divine and time the Federal Reserve's next move.
