Belmont Club

By Richard Fernandez

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Just thinking about tomorrow

November 5, 2008 - 7:26 pm - by Richard Fernandez
Leo Linbeck III
2008-11-06 22:49:13

BTW, if you want to see a cool graphic illustration of the steepening yield curve, check out this site:

http://stockcharts.com/charts/YieldCurve.html

On the right hand graph, click on the peak of the S&P500 (around mid-2007). The yield curve on the left hand graph snaps to that date. It’s pretty flat.

Next, click animate and watch the yield curve move.

Pretty nifty. In a sickening sort of way.

L3