since I have no weight in measured words, will take what this guy said, in case he is wrong LOL.... Guru rules, always point to what others have said, that way you are never wrong...
Speaking of liquidity, the Federal Reserve cut the Fed funds rate 75 basis points this week and brought the target rate down to 2.50. That's good news from a monetary liquidity standpoint and already the yield curve has shown tremendous improvement over the past few weeks. This means it's only a matter of time (perhaps 3-4 months) before the economy starts showing improvement. While everyone from Wall Street analysts to Main Street observers continue wringing their hands over the talk of recession, most have completely missed the undeniable signs that recovery is on its way.
Just take a look at the extraordinary trend in the yield curve in the past few weeks. Cut this chart out and paste it to your forehead: This is the biggest story for the financial markets and the economy right now and almost no one is talking about it . Everyone is too busy crying over spilt milk concerning the economic slowdown that they've forgotten how to look ahead to the future. They're all still looking backward instead of forward, which is what counts where the market is concerned.
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