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.
Straight drop off a cliff, not a curve.
Tiny IS the swamp.
But what does donnie care as long as HE is making MORE MONEY at the Taxpayer’s expense??
The resident is showing his and his supporters’ total lack of comprehension of market economics and even basic cause and effect. We no longer have the collective skills or unity to survive in a non-global market.
Meanwhile those with too much accumulate more, and still pay taxes at a lower rate, if at all. Happy Labor Day comrade peasants .
Benefits of a Trump presidency; mass shootings are on the increase – such a win for the NRA! But no worries, folks, the “Chosen One” says nothing can stop it because “It’s a mental problem.”
I’m with the comment in the corner ~~ I missed the first part, also. Are there any benefits??
“Hey! You sold me the Brooklyn Bridge, and you didn’t even OWN it”
“Just a little mistake there. But for twice that much, I can let you in on a REAL deal: the Golden Gate Bridge!”
He was pushed . . .
Trump would rather play golf.
I suppose there was one benefit: Complacent Democrats have learned a lesson. Probably at most that one benefit too.
This is what they call the “DUH! ANY MORON COULD HAVE PREDICTED THIS!!!” curve.
April 12, 2017