September 22, 2023

‘Soft Landing’ Narrative Nuked As US Industrial Production Plunges In December And New York Biz Leaders Survey Crashes To -21.4 (US Treasury 10Y Yield Drops -14.1 Basis Points)

Smooth touchdown for the US economic system? It’s trying much less and fewer possible. The bond market (10-year Treasury yield) simply shed -14.1 foundation factors. As I at all times advised my investments college students, any 10 foundation level shift within the 10-year Treasury yield is important.

Let’s begin wit the US enterprise leaders survey of present situations. It simply crashed to -21.4

Then we’ve got US industrial manufacturing, down -0.7% in December. And is up just one.65% year-over-year as M2 Cash progress stalls.

The housing market is crashing and mainstream media is just not reporting on it…

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