Common wisdom says yield inversions are signs of impending recessions and the yield inversions just got bigger as the Fed cut rates today.
Other countries have worse numbers and they can drag us down even if our numbers improve.
Trump is part of the problem now. He complained about low rates and QE; and now demands more while running massive deficits.
To be fair, not all economists think this is a big deal. I know at least as of about two weeks ago Mohamed El-Erian said the inversion wasn't indicative of a recession like in the past due to the fact that there are 14 trillion and counting negative interest rate bonds worldwide that he thinks is pushing inversions. He also thinks Trump is right on China.
https://moneymaven.io/mishtalk/econo...EajzDxv7qrHRQ/
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