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.