The following chart shows the natural log of the 3 month treasury bill yield. When using natural logs, constant exponential growth (or in this case, decay) can be seen as a straight line.
Click to enlarge.
Advice for the Fed: Push on that string! Push on it!
Source Data:
St. Louis Fed: Custom Chart
Q1 GDP Tracking: Movin' on Up
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From BofA:
Since our update last week, *1Q GDP tracking is up two-tenths to 2.1% q/q
saar*. [Apr 19th estimate]
emphasis added
From Goldman:
We left ou...
3 hours ago
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