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Why The World’s Biggest Bond Investor Is Dismissing The Recession Warning Of The Yield Curve (PIMIX)
FYI: The head of the world’s largest bond fund says investors shouldn’t read too much into the recessionary signal coming from the U.S. Treasury market.
I wonder why consumer spending keeps falling? After all, consumer spending makes up the lion's share of the economy. Linked below is an article that might be of good interest on this subject.
Highlights of the article ... The loss of momentum also reflects higher interest rates, slowing global growth, Washington’s trade war with China and uncertainty over Britain’s departure from the European Union.
These factors contributed to the Federal Reserve’s decision last month to abruptly end its three-year campaign to tighten monetary policy. The U.S. central bank abandoned projections for any interest rate hikes this year after increasing borrowing costs four times in 2018.
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https://www.reuters.com/article/us-usa-economy/u-s-retail-sales-unexpectedly-fall-as-economy-slows-idUSKCN1RD2CK?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+reuters/businessNews+(Business+News)
Highlights of the article ... The loss of momentum also reflects higher interest rates, slowing global growth, Washington’s trade war with China and uncertainty over Britain’s departure from the European Union.
These factors contributed to the Federal Reserve’s decision last month to abruptly end its three-year campaign to tighten monetary policy. The U.S. central bank abandoned projections for any interest rate hikes this year after increasing borrowing costs four times in 2018.