Due to the twin budget deficits and other problems in the U.S., many investors in Singapore seem to write off investing in the U.S, thinking that America is losing its global lead in technology.
The following is an article from Economist.com, titled Venturesome Consumption, “in praise of America’s fearless consumers of new ideas and products”.
For a […]
Interesting paper by Jonathan Wright that studies the use of the slope of the Treasury yield curve as a leading economic indicator, with inversion of the curve being thought of as a harbinger of a recession. He considers a number of probit models using the yield curve to forecast recessions. The paper concludes that
Consistent with […]
With the most recent Federal Reserve target rate hike to 4.75% on 3/28, the yields of longer-term bonds are finally moving up. As of this moment, it sure looks like the percularity of the inverted bond yield curve is ending.
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