Week InReview: July 20, 2018

'Don't be gloomy and doomy'

"People are making too much of the 10s to 2s," said Larry Kudlow - who replaced Gary Cohn as director of the National Economic Council director in March - referring to the shrinking gap between U.S. shorted dated and long dated Treasury yields.

"There is no recession in sight right now."

"Don't be gloomy and doomy in an overboard sense," Mr Kudlow added. "The American economy is in good shape."

- Financial Times

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