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November 21, 2022 | EPB Macro: The Economic Data Just Got Worse

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:


Last week, the entire US yield curve inverted (a diffusion index of all spreads is shown below via since 1981), with the one-month Treasury yield rising above the 30-year Treasury yield.

The spread on two and 10-year Treasury bonds widened to -71bp–the most negative since before the double dip recession of the early 1980s (shown below courtesy of The Daily Shot).


At the same time, the spread between three-month and 10-year Treasury bonds (below via Jay Kaeppel from 1960 to November 15) ended Friday at -52bp, approaching the -64bp peak spread in February 2007 before the Great Recession began in December 2007.


EPB Macro’s latest economic update offers further insight into incoming data.

This weekly update will cover the economic data that was recently released, including industrial production, retail sales, and some leading indicators of inflation. Here is a direct video link.

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November 21st, 2022

Posted In: Juggling Dynamite

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