BLOOMBERG Bloomberg Surveillance March 4, 2015
Euro sterling. This is what Francine Lacqua looks at every morning. Further sterling strength versus the euro. Down at the bottom, 111. 24. This is the spread. This is great. This is the fiveyear 30. Good feeling ugly here is that fed induced sweetness and the curve. I dont hear many people signaling recession down here but this has sobered up the economists. I think the thing we are all trying to figure out. Is this no hope for the future . Or is this secular stagnation . They instituted a steep yield curve and the great distortion. Debt. The other thing to look out is see how narrow this is ...
Source: archive.org