European selloff highlights resumption of US treasury bear flattening
|Oct 24, 2018|
This morning, US stock futures are pointing to triple-digit losses after declines in Europe and in Asia. And the European indices are at a one-year low. There are quite a number of proximate causes for the weakness. But the overriding fear, as evidenced by the flattening of the US yield curve, is that the global economy is beginning to slow.