The inverted yield curve (where long term bonds are sold at a lower interest rate than short-term bonds, suggesting investor lack of long-term confidence) is rare, but when it occurs, is one of the most reliable predictors of all recent recessions.
It has happened TWICE in recent weeks. While each occurrence was brief, the occurrence itself and the fact of repetition, bodes ill for a president hoping to run for re-election in 2020 on continuing the strong economy he inherited from Obama and looks to be running into the ground.
Of course, that is the story of Trump’s life: inherit wealth and/or prosperity, from Daddy or the preceding successful president (thanks, Obama!), and run it into repeated bankruptcy and economic failure. That is what Republicans do, and Trump — with a lifetime of squandering inherited advantage into failure — quadruples down.
Trump has failed at everything he has ever done, is personal relationships (cheating and failures in every marriage), business and now politics.
Only now we are all Trump University students.
Only now we are all Trump unpaid contractors.
April 12, 2017