Yield curves might actually shift up as oppose to down in short term: Taimur Baig
Income growth worldwide is still pretty decent and the US income data in particular shows that consumers are still purchasing, maybe not goods as much as they used to, but services definitely and that is true in the US, that is true in large parts of Asia which means services inflation remains sticky and that is what we saw in the core personal expenditure data for the month of April that came out of the US late last week.
