In this weekend report, from London on Saturday, May 25th, 2019 I look at the current economic climate and also the financial markets around the world.
I go over some of the major economic statistics that came out in the last week for the U.S. and the U.K. and what they mean for the economy going forward.
The most interesting and significant development in the financial markets this past week, in my opinion, was the inversion of the U.S. Treasury yield curve as the spread between the 1-month T-Bill and the 10-year Treasury yield inverted to minus 4 basis points.
The yield curve had inverted and then dis-inverted earlier this year but the move this week is, in my opinion, an ominous sign for the health of the U.S. economy and other major economies around the world.
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