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Mascoutah, Illinois | Inflation is starting to show up with the recent release of the PPI and CPI numbers. The two year treasury is up 20 basis points in the past month while the ten year has risen 40 basis points in the same period. The FED could be out of ammunition with housing as the bond market is signaling a call for higher rates. Gentle Ben and Turbo Timmy are not going to be able to thread the needle and keep this house of cards from crumbling.
Good news from Bank of America: Credit card deliquencies only rose 7.5% last month. Yippie!!!
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Read Denninger today
