US Real GDP is growing at 2.3% YoY. What’s not to like?
How about the lowest unemployment rate since 2000 and the worst wage ‘recovery’ in modern times? AND a flattening Treasury yield curve?
Yes, we are once more staring into the abyss of a recession where unemployment rates are low (as they seemingly always are just prior to the end of a business cycle). Throw in a skidding Treasury curve and … this is it?
This post was published at Wall Street Examiner on December 11, 2017.