In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:
- The Sins Of The Past
- We are approaching 2007 levels of instability
- Credit Spread Warnings
- Rising spreads are bad news for bonds
- Slowing GDP
- Weakness reigns in the face of the next Fed hike
- Will She Or Won't She?
- All eyes this week on Janet Yellen
This week Chris and Mish reflect on the similarities between this moment in the markets and later 2007 when the wheels were coming off the global economy.
Despite their proximity to all-time highs, stocks have had a real struggle gaining momentum over the past year and economic growth continues to be moribund. The Atlanta Fed's GDPNow model is forecasting Q4 GDP of 1.5%.
Slowing growth, shrinking earnings, expanding credit spreads — all eyes are on Janet Yellen this week as the Fed meets this week to decide whether to raise interest rates or not for the first time in nearly a decade.
by davefairtex