Pete Wargent blogspot


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Saturday, 7 March 2020

Crude pricing a US recession

A bird in the hand

Our new book is due out next month.

It's quite timely, with interest rates falling further to record lows today.

US bond yields are now sitting at remarkably low levels as the global economy teeters on the brink.

Oil is now pricing for a US recession, and futures markets are looking for at least 50 basis points of interest rate cuts over the coming month in the US, and plenty more to come beyond that.  

Today, a short post on trying to find at least some semblance of value in crazily expensive markets, while still sitting mostly in cash: