Fascinating study via Spencer England’s Equity Review: The
Yield Curve tends to flip negative whenever Inflation exceeds
Yield Curve (10 Year/Fed Funds) vs. Unemployment Less Inflation
click for larger chart
England’s Equity Review
The bold red line represents the Yield Curve, while the
thinner line is the remainder of Unemployment once Inflation is subtracted.
Quote of the Day:
"On the plains of hesitation bleach the bones of countless millions who, on the dawn of victory, stopped to rest and resting died."
-Omar Khayyam, Mathematician & Philosopher