Flatter Curve

(1) Yield curve spread: A leading business-cycle indicator. (2) Spread narrowing, but still positive, as Fed tightens. (3) Spread is throwing Fed a curve. (4) Spread may be going global. (5) A bad omen for S&P 500 revenues and earnings growth. (6) The short end of the yield curve is about the US, while the long end is about the rest of the world. (7) Japan’s M-PMI and exports heading south. (8) Inflation remains near zero in Eurozone. (9) Fed study says Fed officials talk too much. (10) Bullard vs. Gollum.