by Dan Norcini
This morning’s Durables Goods report underscored just how moribund economic growth in the US remains.
Additionally we learn that US business investment remains lackluster at best.
While Central Banks are spiking the punch bowl, it appears the party goers are not imbibing.
Look at the yield curve as reflected by the spread between the Ten Year Treasury and the Two Year Treasury yields. It is going NOWHERE.