Fascinating Backwards Math on Mortgages (Patreon)

Yield curve inversion personified - the longer the term the higher the rate. That is the typical way for mortgages. To show you how broken the world is today - if you look at this chart here the 30 years mtg is at 6.6%, 15 years 5.7% and the five year is 6.8% who would ever sign up for a higher rate for a shorter term? ??

Clown World!

To reflect on the current Yield Curve Inversion - here it is.  Many say it is a 100% correct indicator of recession. We are at record levels now.

However, as I say, it does not mean the Stock Markets will tank

History says Stock Market is up 11% 12 mths after a Yield Curve Inversion.  Rem MKTS ARE FWD LOOKING.