Toon Time.

Well, here it is Wednesday afternoon and since the close of business on Tuesday we've learned that Donald Trump is building a literal space army and also that Larry Kudlow will now be effectively in charge of U.S. economic policy. We are living in a cartoon. Which is exactly what lots of folks warned would probably happen around this time last year. C'est la vie. https://twitter.com/JimMFelton/status/973552345668898816 Retail sales were a disaster in the U.S. and that doesn't bode well for

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3 thoughts on “Toon Time.

  1. It is the increase in the short rates that has me amazed. Seems as though the 1 month and 3 month rates go up a few basis points every day. The Libor 3 month USD rate has gone up every day for over 2 weeks now. With long yields just sitting around doing nothing the curve is flattening pretty quickly. With floating rate notes and floating rate preferred shares tied to the 3 month Libor corporate interest payments must be climbing fast.