by BoatSurfer600
Inflation could be headed for a big drop, and prices could cool significantly without the US having to deal with a recession, according to Bank of America.
Strategists pointed to the inverted 2-year and 10-year Treasury yield curve, the bond market’s notorious recession gauge that has successfully predicted numerous downturns, most recently in 1990, 2001, and 2008. When short-term yields rise above those of longer-term bonds, it has historically signaled investors believe a downturn is coming.
The difference between the yields on the 2-year and the 10-year Treasury just steepened to a full percentage point last week, marking the steepest inversion in over 40 years.
The Los Angeles Metro train system is suffering a wave of Third World-style copper cable theft that has disrupted service as criminals seek to strip the metal from the transportation network and sell it on the scrap market.
Costco, $COST, is now asking to see photo identification along with customers’ membership cards at its self-checkout registers
— unusual_whales (@unusual_whales) July 3, 2023