|Wednesday August 15, 2018|
Scary bond spread
|There were three really good signs that the last recession (starting from 2007/8) was on its way.
First we had the collapse of the banks in Iceland. Today we have Turkey. Then there were the reports of excessive executive pay, mirrored in the media today (though, of course, now the salaries are much higher). Finally there was the US Treasury Bond market revealing negative yields.
Posted by Jonathan Brind.
||Wednesday August 15, 2018|