The recession has started
When the yield curve un-inverts and hits .5+ on this indicator, it has always meant a recession has started. Things will start to break and the Fed will cut rates soon. I suspect the stock market has another 30-40% fall left in it over the next 6 months to get PEs back to the mid teens.
Comments
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People forget Reagan had a recession from July 1981 to November 1982 during which time Reagan rebuilt capitalism.
Then it was on. And the greed is good 80's was unleashed.
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I think QE is more likely than over night rate cutting. We don’t need stimulus.
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GDP growth primarily based on government spending and job growth, which we’ve had since Biden took office, may as well have been called a depression as it is unsustainable.
Don’t fucking care.
Call it a recession if you want, but what’s been happening since you Democrats tanked the economy over a cold isn’t good for anyone other than the very rich, and the wealth gap increase under Biden shows it:
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Just end the fed and get rid of qe and forced lending rates. Let the 10 year run everything off its natural market rate as Jesus intended.
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The Fed isn’t ending anytime soon, though. So, what else?
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Seems like this is what everyone wants.
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They voted for it 12 times a piece.
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