Oil prices down big again. A lot more contango, too. Bond buying remains heavy and while not quite to the bull steepening it's moving in on that key point. All signs point to lower rates ahead, but isn't that a good thing? That's what we're supposed to believe...
Eurodollar University's Money & Macro Analysis
Ben Bernanke: Before the Joint Economic Committee, U.S. Congress April 2008
https://www.federalreserve.gov/newsevents/testimony/bernanke20080402a.htm
CNBC: Bernanke Says US Could Be Facing A Mild Recession
https://www.cnbc.com/2008/04/10/bernanke-says-us-could-be-facing-a-mild-recession.html
Twitter: https://twitter.com/JeffSnider_EDU
https://www.eurodollar.university
RealClearMarkets Essays: https://bit.ly/38tL5a7
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What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.