“Caution in handling ‘generally accepted opinions’ that claim to explain whole trends of history is especially important for the historian of modern times, because the last century has produced an abundance of ideologies that pretend to be keys to history, but are actually nothing but desperate efforts to escape responsibility.”
Hannah Arendt, The Origins of Totalitarianism
“Flattening of the yield curve is happening so slowly no one noticing the 2s-10s gap is now 24 bps. Meanwhile yields on 30s are back to 3.02% & falling. Trump and media are talking pickup in US growth, but global institutional investors not buying it, and see trouble in the rest of world.”
Dr. Harald Malmgren
