Introduction Last Friday, I wrote about That Stubborn Yield Curve in my Thoughts from the Frontline letter. In it, I quoted a few paragraphs by Pimco's Paul McCulley, but upon reflection, I feel that his whole letter is worthy of taking a look at...
Filed under: Housing, The Fed, GDP, Yield Curve, John Mauldin, Paul McCulley, Economic Forecast, Leverage, Inverted Yield Curve, Fed Funds Rate, Time-Varying