Tag Archives: Employment

Is this a turning point for bonds?

Bond Vigilantes 24/01/2018  

My view is that the US economy is nearer to overheating than slipping into recession. The strength of the US economy is typified by the labour market in many ways…. Read more »

A problem with U.S. average hourly earnings, and why it may be understating the true picture

Bond Vigilantes 16/05/2017  

The last time the US had an unemployment rate below 5% and inflation expectations around 2%, the Fed funds rate was above 5% and had been aggressively hiked in the… Read more »