Yield Curve Points to a Recession

[DonViejo]

June 28, 2019 at 7:15 am EDT By Taegan Goddard

Axios: “The U.S. Treasury yield curve has now been inverted for more than a month — meaning the 3-month bill is paying a higher interest rate than the 10-year note.”

“An inversion of Treasury bond yields is a near-perfect recession indicator that economists at the Federal Reserve recently called ‘the best summary measure’ for an economic downturn.”

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https://politicalwire.com/2019/06/28/yield-curve-points-to-a-recession/

[watoos]

1. The market should be booming

Trump artificially stimulated it. He gave them 1.5 trillion dollars, tax breaks that are permanent, repatriated offshore money for pennies on the dollar, gutted regulations on corporations. The market should be at all time highs.

In the mean time, our deficit and debt are also at record highs because of Trump.

[applegrove]

2. Proof that giving money to the rich doesn't make the economy roar for

everybody else.

[Caliman73]

4. Never has...

There is only so much money you can spend as a wealthy person. Really, you aren't just going to buy things because you have money, especially as a super wealthy person. You don't need 3 private jets and 5 yachts and 10,000 shoes and suits. Sure you can buy those things but which truly wealthy person really does? You think that Adelson and the Koch's spent a lot of money during elections (something to the tune of 100 million dollars), that is a lot of money but when you consider that the Koch's are worth at least 42 billion each and Adleson worth 35 billion, it really isn't cutting into their worth much at all. A billion is 1000 million so basically they spent less than 1% of their net worth.

If you give money to the middle class, working class, and poor, that money is going right back into the economy. Give it to the wealthy and it ends up in an account, off shore, earning interest and avoiding taxes.

[OnlinePoker]

3. The only reason markets are where they are is because of stock buybacks

About $1 trillion of the tax break last year went to that. Institutional investors headed for the sidelines.