SFLA - 3 Things I Think I Think - Negative Rates And Stuff

Here are some things I think I am thinking about:

1) Q2 GDP - more of the same. Second-quarter GDP came in at 2.1%. Pretty weak. But more of the same. As I've long been pointing out - this is the golden age of low and stable growth. It really is a sort of Goldilocks economy. Not too hot, not too cold. Just right. But this general trend has been going on for 10 years now.

2) Negative rates everywhere. There has been a lot of chatter in recent weeks about how bond yields are

Read more ...