15 Quotes by Michael Cheah

The yield curve is flat and typically when that happens, banks are reluctant to lend money and the economy becomes vulnerable,

The Fed has little reason to continue raising rates, especially in view of a serious downturn in the housing market.

The Fed, like all good central banks, has to work on a real-time basis, ... This is serious enough to cause a lot of pain.

In 2000 we inverted as much as 47 basis points. Could that happen again? Sure, as it'll take the clear signal of a rate cut before the two-year yield starts moving down.

The market is very short and people have to cover before non-farm payrolls.

The market is range-bound and there should be a tendency for prices to rally as positions are covered before the payroll report.