Denver, FED, Opec discussed on Market Advantage

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A tall man to it uh i think that you know where the denver for more more or less technical reasons and uh anything um you know we've economic per se um you know we still have a lot of distortion in the bond markets and um you know it's sending a signal that you know may not really be telling us what we've traditionally uh interpret it in the past this is an important point uh because a lot of people are saying look even as the us yield curve converts next year it launches certainly be a harbinger of a recession the way it has in the past and yet when i go back and i look at the meeting minutes from central reserve meetings back in two thousand six and two thousand and seven a lot of the fed officials at the time were saying the exact same thing yes we're seeing yield curve flattening yes we seeing in version but it means something different it is technical it was not does that give you pause or over there was no quantitative easing been going on background so um you know i'm not sure exactly what they were the shirley drawing on to suggest that an inverted yield curve would have sent the wrong signal in fact for us it was a it was a concern opec credit spreads widened to a point where they broke out in the third quarter of two thousand seven which to us with a signal this say we do need to reduce our risk when momentum finally broke down in january about way that was a a clear signal for us to say let's you don't watch the play out of this year put from the sidelines with respect to credit you.

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