Good thing! US unemployment has fallen to its lowest level since the 1960s.
The US Treasury 10-year – 3-month yield curve has flattened to zero as unemployment hits its 50 year low.
Is this signaling the end of a business cycle? Or is it signaling the excesses of central banking?
We are seeing turbulence in the US yield curve given the many economic uncertainties around the globe, like Brexit, China trade, etc.
At least devaluation of the US dollar Purchasing Power has slowed.