‘Soft Landing’ Narrative Nuked As US Industrial Production Plunges In December And New York Biz Leaders Survey Crashes To -21.4 (US Treasury 10Y Yield Drops -14.1 Basis Points)

Soft landing for the US economy? It is looking less and less likely. The bond market (10-year Treasury yield) just shed -14.1 basis points. As I always told my investments students, any 10 basis point shift in the 10-year Treasury yield is significant.

Let’s start wit the US business leaders survey of current conditions. It just crashed to -21.4

Then we have US industrial production, down -0.7% in December. And is up only 1.65% year-over-year as M2 Money growth stalls.

Capacity Utilization plunged more than expected to 78.7% (79.5% exp).

Biden claiming the US economy is strong is pure Fantasy Island.

Today, Jean Pierre annouced that Biden’s economic plans are working.

10 thoughts on “‘Soft Landing’ Narrative Nuked As US Industrial Production Plunges In December And New York Biz Leaders Survey Crashes To -21.4 (US Treasury 10Y Yield Drops -14.1 Basis Points)

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