Economic Contraction will Continue in 2010
Economics / Recession 2008 - 2010
Dec 15, 2009 - 05:47 AM
By: Brian_Bloom

My wife and I watched Oprah interviewing President and Mrs. Obama for her Christmas Special. The closing message that President Obama tried to communicate was one of hope – that the worst is behind us and, with hard work and determination, America can rebuild.

Whilst the sentiments are admirable and probably believable in terms of America’s ability to rebuild – and possibly even true – there are serious questions regarding whether the worst is behind us.

Below is a weekly bar chart of the 30 year bond yield in the US (courtesy Bigcharts.com). The yield may be thought of as the “priceâ€