Posted on 07/21/2023 9:10:35 AM PDT by Kaiser8408a
I have never seen anything like this. The US Treasury 10Y-2Y yield curve is deep in inversion and has had a negative slope for 265 straight days. Bidenomics is born under a bad sign!
On the commodities front, heating oil is up almost 2% this morning and nickel (an important element in Biden’s green energy mandates) is up 1.78%.
On the crypto front, Bitcoin is up 0.47% and Dogecoin is up 5.58%.
You can always buy Kamala’s Own Word Salad Dressing!
(Excerpt) Read more at confoundedinterest.net ...
The inverted yield curve has been one of the best predictors of recession. How how the eff is this happening?
Bidenomics = Doom
The official Narrative seems to be that everything is going great.
I don’t know anyone who thinks it’s going great.
I predict unemployment will start going up. Slowly at first, and I wouldn’t be surprised if the fed and the media fudge the numbers too, but from the people I talk to in the manufacturing sector, orders are down, baglog is down, and for the first time in years people in shipping and reeving are standing around. All the things that increased the demand to hire and raised wages are easing.
Don’t worry fake news will tell us everything is fine
Fake News evening report
“Trump bad President Retard good”
End news report
(How is this happening?)
81 million votes!!!
Government spending is so out of control that it distorts GDP figures since GDP includes government spending as a positive thing. $2 T of deficit spending does that. It also beats the crap out of short-term treasuries. All indications are things will get worse. There is a shortfall in tax revenue which exacerbates the deficit.
Zackly. They just say everything’s great. Up to folks to figure it out on their own that it ain’t and to act accordingly.
So its been what, a year of inverted yield curve? It has predicted recessions ever since it was tracked.
Perception is reality?
Liars figure. Figures lie
Bidenomics =
157M jobs 12/2019
155M jobs 6/2023
Federal revenue down 20% Q1-Q2 2023
3% CPI June 2023 (with Medical insurance down 25%?? Where?)
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