Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Friday, December 20, 2013
Bond Yield Flattening
30y-10y, 10y-5y, 5y-2y Treasury differentials. Click for larger.
Seems that when 30year is rising and the yield curve is "flat" (the differences are equal) we see a recession. Three instances are not enough but...