Increasingly, the leading economic indicators portend a coming recession, as always happens when Republicans inherit prosperous economies from Democrats and then run them into the ground.
Last week, the inverted yield curve surfaced for the first time since 2007. The inverted yield curve (when short term bond yield rates rise higher than long term bond yield rates) is one of the strongest indicators of a coming recession.
On the Sunday morning talk shows:
Trump economic advisor Peter Navarro, former economics professor at University of California, Irvine, insisted that the inverted yield curve is not that significant, and bragged that he should know, because he has “written books on the bond yield curves.” The moderators did not challenge him. But on Monday night’s “Last Word with Lawrence O’Donnell,” O’Donnell was joined by several economics experts. Unlike the moderators who let Navarro off the hook, they referred to economist Navarro’s books. In them, contrary to what he implied on the talk shows, he does emphasize that an inverted yield curve is one of the most reliable predictors of a recession. So yeah, we can trust economist Navarro, but only in what he said BEFORE HE SOLD OUT to the Trump elitists.
Trump economic advisor Larry Kudlow promised that, regardless of how bad it looks, he guaranteed there would be no downturn. The moderators showed him his own video clips from the economic talk show he was hosting on Faux “News” at the time, when he said exactly the same thing just before the Bush economic market meltdown in 2008 (in contrast, there is video of a PBS with Elizabeth Warren, who predicted accurately the exact economic meltdown). Kudlow has never gotten one economic prediction right and has zero credibility.
Increasingly, the leading economic indicators portend a coming recession, as always happens when Republicans inherit prosperous economies from Democrats and then run them into the ground.
Last week, the inverted yield curve surfaced for the first time since 2007. The inverted yield curve (when short term bond yield rates rise higher than long term bond yield rates) is one of the strongest indicators of a coming recession.
On the Sunday morning talk shows:
Trump economic advisor Peter Navarro, former economics professor at University of California, Irvine, insisted that the inverted yield curve is not that significant, and bragged that he should know, because he has “written books on the bond yield curves.” The moderators did not challenge him. But on Monday night’s “Last Word with Lawrence O’Donnell,” O’Donnell was joined by several economics experts. Unlike the moderators who let Navarro off the hook, they referred to economist Navarro’s books. In them, contrary to what he implied on the talk shows, he does emphasize that an inverted yield curve is one of the most reliable predictors of a recession. So yeah, we can trust economist Navarro, but only in what he said BEFORE HE SOLD OUT to the Trump elitists.
Trump economic advisor Larry Kudlow promised that, regardless of how bad it looks, he guaranteed there would be no downturn. The moderators showed him his own video clips from the economic talk show he was hosting on Faux “News” at the time, when he said exactly the same thing just before the Bush economic market meltdown in 2008 (in contrast, there is video of a PBS with Elizabeth Warren, who predicted accurately the exact economic meltdown). Kudlow has never gotten one economic prediction right and has zero credibility.