But many would like to see Mnuchin in jail as one of dozens of CEOs who presided over predatory lending scams during the Bush-Obama years. Mnuchin was at OneWest which is one of the worst destroyers of human lives surrounding the largest scam in US history.
An inverted yield curve is an interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the same credit quality. This type of yield curve is the rarest of the three main curve types and is considered to be a predictor of economic recession.
Many capital investments are linked to longer-term securities such as the 10-year Treasury used by the housing market to set rates for mortgages.
Should the 5-year attract capital away from the 10-year Treasury, mortgage rates will go up.
There are many other parts of the economy that hinge off the yield curve patterns. This article points out what Mnuchin is facing and what his job is to do to fix it.
I know it seems simplistic, but couldn’t they cut spending by even a little to start reducing that debt? There is plenty of fluff and waste in a $4 trillion budget.
Spending more than you take in apparently is not the problem..................
I understand now why the President chose Steve Mnuchin to be Treasury Secretary. Mnuchin understands the nuts and bolts of debt, Wall St., banking.
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And Trump does, too. The yield curve is the best indicator of the Federal Reserve manipulating the free market. I’m glad Trump is fighting their desire to put the economy in recession once again.
Tax revenue is at an ALL TIME HIGH, because of the tax cut bill.