Her most recent book, and the books in which a program is based. Please join me in welcoming dr. Laura free. [applause] prof. Free good afternoon, thank you. I am really honored to be here. It is always a great thrill for a historian of suffrage to speak at seneca falls. I would like to acknowledge that we are on the traditional lands of the hope nations people and pay my respect to the elders, past and present. I would like to thank you for inviting me and setting up my visit. Thank you. I would like to recognize and thank the many park rangers who do the work of on the spot history and shared the special place with so many visitors. Finally i would like to thank , the park staff who maintain and clean the facilities and whose work goes unacknowledged. I am guessing that if you are here today you know who this is. This is Elizabeth Cady stanton. You see her with her longterm partner in activists work, susan b. Anthony. You probably already know a bit about her. You are probably aware
Thank you very much. I love the enthusiasm of the postal lunch crowd. Its very exciting. Well, i am and honored and humbled to be here. To have invited to been invited to speak amongst this really incredible assembly of speakers and all of you attending and to share some the history and highlights of the society of the cincinnati collections. I have to say that throughout the past two days, ive each night back to my hotel room and because in a conversation with someone or listening to someones presentation, someone said something very smart, very insightful. And i went back and thought, i need to sort of see this differently. Im thinking about this, about our collections differently and its relationship to these other topics. So you all been sort of inspiration already. So thank you for that. So society of cincinnatis collections documenting revolutionary war and its legacy are of the broad scope of my talk today. We did begin acquiring in 1783, which is the the society was founded. So
Foreign competition for treasuries. When you add in the 700 billion next year, we think that the recipe for a steeper curve. Is it likely the curve ends steeper than it is currently . Highly unlikely unless the fed puts the rate hikes on ice or starts to ease. Very unlikely scenario. Very much likely contining to flatten. In that environment we paint strong growth. Inflation maybe ticks up a little bit. The yield curve continues to flatten. Critically, it does not invert. Im worried about it, too. I think we need to watch it. The 10year treasury, high 230s is meaningful. The history of inversions is such that it is tending to be a reliable forward indicator of recession. Whatever you think about the way the world is supposed to work, it does not work that way in the last two weeks of the year. Yes, yields have been going up. I think its a function of very Strong Equity markets. If they were to correct, they would go back down. I want to see them stay there after the first of the year.
Is it likely the curve ends steeper than it is currently . Highly unlikely unless the fed puts the rate hikes on ice or starts to ease. Very unlikely scenario. Very much likely contining to flatten. In that environment we paint strong growth. Inflation maybe ticks up a little bit. The yield curve continues to flatten. Critically, it does not invert. Im worried about it, too. I think we need to watch it. The 10year treasury, high 230s is meaningful. The history of inversions is such that it is tending to be a reliable forward indicator of recession. Whatever you think about the way the world is supposed to work, it does not work that way in the last two weeks of the year. Yes, yields have been going up. I think its a function of very Strong Equity markets. If they were to correct, they would go back down. I want to see them stay there after the first of the year. Jonathan joining me in new york city is greg peters, george goncalves, plus matt toms. Thank you very much for giving us your
The reality is this curve should stephen steepen because of less foreign competition for treasuries. When you add in the 700 billion next year, we think that the recipe for a steeper curve. Is it likely the curve ends next year steeper than it is currently . Highly unlikely unless the fed puts the rate hikes on ice or starts to ease. Very unlikely scenario. Very much likely contining to flatten. In that environment we paint strong growth. Inflation maybe ticks up a little bit. Does not get out of control, so the yield curve continues to flatten. Critically, it does not invert. Im worried about it, too. I think we need to watch it. The 10year treasury, high 230s is meaningful. The history of inversions is such that it is tending to be a reliable forward indicator of recession. Whatever you think about the way the world is supposed to work, it does not work that way in the last two weeks of the year. Yes, yields have been going up. I think its a function of very Strong Equity markets. If