Goldman Sachs is now saying that the yield curve will be flattening further “because of” the term premium. Dead Wrong!
To the extent that Goldman attributes further flattening “solely” to the term premium- Goldman is wrong.
Here’s Ben Bernanke in 2006 making the same claim …. before the world almost disappeared.
Listen to Goldman Sachs and you will go broke- just like in 2007. The economy is headed down- soon … not says me … says the yield curve.