A momentous year ahead in U S politics reflects civility hopes
Lee Hamilton notes bipartisan nostalgia after George H W Bush death contrasts with 2019 worries about a fading democratic system. He cites partisan divide, money in politics, and active citizen engagement at federal state and local levels as Americans seek tangible progress and durable institutions.
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George H.W. Bush
Why yield curve inversions alarm investors now
The 5 year yield fell below the 3 year on December 10 sparking Wall Street jitters. Inversions have preceded most recessions since 1970, signaling investor sentiment about future inflation and Federal Reserve policy. While not causing a recession, inversions gauge expectations and prompt scrutiny of 10 year and 3 month yields.
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Wall Street
Treasury
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Federal Funds
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