The spread between 10 year US bonds and 2 year US bonds is currently at 5 year lows and will likely go negative post the fed rate hike next week. This would most likely cause the US yield curve to eventually invert and is a harbinger of a decelerating/recessionary economy going forward. Will tax cuts save the day? I doubt it.
U.S. Oil And Gas Production Are Ahead Of Last Year’s Record Pace
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Last year marked a record for U.S. oil production with daily production of
12.93 million barrels per day (BPD). This year, production is running ahead
of t...
34 minutes ago