Everyone knew that if you divided reality by expectation, you got a happiness quotient. But when you invert the equation - expectation divided by reality - you didn't get the opposite of happiness. What you got, Lewis realized, was hope.
Everyone knew that if you divided reality by expectation, you got a happiness quotient. But when you invert the equation - expectation divided by reality - you didn't get the opposite of happiness. What you got, Lewis realized, was hope.
At the same time, the yield curve is flat and actually has the potential to invert. An inverted yield curve has often been a precursor to a recession occurring within a year.
I am a dreamer of words, of written words. I think I am reading a word stops me. I leave the page. The syllables of the word begin to move around. Stressed accents begin to invert. The word abandons its meaning like an overload which is too heavy and pr.
Over the past three decades, the Fed tightened on eight occasions, five of these saw the yield curve invert,
Aspiring to be gods, if angels fell,
Aspiring to be angels, men rebel:
And who but wishes to invert the laws
Of order, sins against th' Eternal Cause.
Private victories precede public victories. You can't invert that process any more than you can harvest a crop before you plant it.
Give not thyself up, then, to fire, lest it invert thee, deaden thee as for the time it did me. There is a wisdom that is woe but there is a woe that is madness.
We expect the yield curve to invert further as long as US stocks continue to show no signs of a retreat and the Fed is priced to tighten.
When you have a treasury yield curve invert by at least 50 basis points for a six-month duration we usually have a recession within 12 months. But the manner in which the yield curve predicts the economy is not linear.
Sooner or later it will be appropriate for the Fed to pause, regardless of whether or not we get a signal in that direction. There is no reason for them to invert the yield curve. Inflation is contained and the economy is okay. I don't see a reason for them to take the risk of keeping raising rates.
© 2020 Inspirational Stories
© 2020 Inspirational Stories