Fed Statement

 

Thank you to Zero Hedge.  Laughed out loud.

Not Wrong - Just Too Early

This interest rate inversion is very, very long in the tooth.  Make no mistake about it, 10 year treasury yields will become higher than the 2 year treasury yield at some future date.  It is not a matter of "if" but a matter of "when".  The gap between the two has become more and more narrow with short term rates going higher and higher.  When the "ship rights itself", it is going to become even more interesting than it is today.

Moving Day

 Missouri to Texas

Emptying out the storage locker.  I think this will be my last trip to Missouri and the Saint Louis region.  Time for something new.

Long Term Treasury Yields Rise

 

When an inversion eventually rights itself, the party is on (or over, depending upon who you are).

Enjoy the Ride

 So long Missouri, hello Texas.  Fed announcement later today.  The slow motion train wreck continues with a small number of people becoming incredibly wealthy and a large number of people paying more while getting less.  Fascinating.