There have never been more open jobs in the U.S. than there are now
Not long ago, there were real hopes of a return to Goldilocks — an economy that’s not too hot and not too cold.
The last soft landing came in 1994 — and many would complain that the Alan Greenspan Fed on that occasion sparked a recession in Latin America and the rest of the emerging markets, even if one was avoided in the U.S.
What Is A Real Rate, Anyway?
Using the real yield on inflation-protected bonds as a gauge of the long-term real interest rate is possibly the biggest mistake in finance.
The ultra-low real yield on inflation protected bonds captures nothing more than a stampede for inflation protection overwhelming a tiny supply of inflation-protected bonds.
John Authers Bloomberg 4 maj 2022
Goldilocks has left the building
Edward Luce FT 3 May 2022
US market is more overvalued than in 1929, 1973 and 2007
Not exactly the Goldilocks scenario is it?
Merryn Somerset Webb FT 28 December 2021