Yield Curve

The several yield curves are shown above. The FED is slamming up the short term yield to brake inflation, even though we do not see any. We have gone from a FED who was out to lunch to a FED eating our lunch.

The above is the comparison over the last decade since the great Bush Collapse. The spread is dropping and the curve flattening. The worst problem is that most of our debt is short term and thus interest costs are exploding. So far no one has commented on this one.