But that’s the thing. Here we are one-third of 2019 in the books already and EFF keeps showing up Jay Powell; repo keeps doing remarkably disruptive things. And the economic data continues to follow the obviously illiquid nature of global money – as do bond yields. Even the US economy’s biggest (purported) boom in a long time has proved vulnerable, pulling up especially lame recently in all the key components…
https://www.alhambrapartners.com/2019/04/30/bonds-and-economists-at-it-again/
