Merry Christmas ... Bah Humbug!

 The above is the flat, yes flat, Yield curve! No where to go but up!

 The spreads are disappearing. They go to zero and then negative. Have not seen that since Carter!

 Now look at the above. The Yield Curve is FLAT. That means that the short term cost of money equals the long term opportunity. Namely why borrow to build if you go no where! Thanks to the FED. Now this gets worse. Yes worse. The cost of our debt has exploded, and that will drop the long term growth inverting the Yield Curve totally. Again, thanks FED.

Now the DOW etc. It is on its way to 15,000! Yes folks, 15,000. Why? Simply that we have the worst communicating group ever in Government. Pull the Twitter switch folks! Think, write, then read it to the American folks. Let us know what you are doing.

I have seen this before. It is the owners of a family company making decisions by shooting from the hip and having all the employees erratically chasing him about. But this is a Government not a family owned business. We all own the business, it is our country. Stop it please with the Twitter stuff.

This is not a Recession looming, it is a potential collapse. Enough with the Twitter. Send in the adults. And oh by the way, in my many years of business I always found that the most pressing issues occurred during the so-called Christmas recess!