Downturns and Financial Crises – Sequence, by Gary Christenson
Editor’s Note: This concise bullet point market and economic summary article first appeared at The Deviant Investor and is re-posted with permission. Pay attention folks. This echoes my own writings on the economy. Another global economic crisis could be approaching. — Bond Market Turned Down & Interest Rates Up – Check! Two-Year yield bottomed September 2011 Five-Year yield bottomed July 2012 Ten-Year yield bottomed July 2016 The 30+ year bond bull market is done. Housing Market Turned Down – Check! Mortgage rates bottomed in July 2016. Mortgage applications have fallen hard. London, Vancouver B.C. and Australian prices are down. New …