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This morning 5/14/2019, the treasury yield curve was inverted for at least the second time this year. Three month treasury bills were yielding 2.42% and ten year treasury bills were yielding 2.41%. A flat or inverted yield curve has preceded all of the recessions since WW2.
This morning 5/14/2019, the treasury yield curve was inverted for at least the second time this year. Three month treasury bills were yielding 2.42% and ten year treasury bills were yielding 2.41%. A flat or inverted yield curve has preceded all of the recessions since WW2.
But a recession hasn't resulted from an inversion every time. There's the rub.
There is no bubble that would cause a recession. Housing isn't out of control with 120% loans and toxic assets being sold as AAA investments. I just did a refi and I had to jump through hoops just to qualify for a 50% loan to value. I've never had such a hard time getting a loan.
Do you believe we are heading into a recession and if so, why?
But a recession hasn't resulted from an inversion every time. There's the rub.
There is no bubble that would cause a recession. Housing isn't out of control with 120% loans and toxic assets being sold as AAA investments. I just did a refi and I had to jump through hoops just to qualify for a 50% loan to value. I've never had such a hard time getting a loan.
Do you believe we are heading into a recession and if so, why?
Not all bubbles is about housing.
And while US do not have a massive housing bubble, China and severall other countries do. These days recessions are global, not local.
This morning 5/14/2019, the treasury yield curve was inverted for at least the second time this year. Three month treasury bills were yielding 2.42% and ten year treasury bills were yielding 2.41%. A flat or inverted yield curve has preceded all of the recessions since WW2.
Good. We keep cash in 4 week T Bills, and the 4 week T Bills are currently paying pretty well.
We're going to use that instead of CD's for a while, since we may need the money.
But a recession hasn't resulted from an inversion every time. There's the rub.
There is no bubble that would cause a recession. Housing isn't out of control with 120% loans and toxic assets being sold as AAA investments. I just did a refi and I had to jump through hoops just to qualify for a 50% loan to value. I've never had such a hard time getting a loan.
Do you believe we are heading into a recession and if so, why?
The inversion has preceded every recession going back decades, it has accurately predicted the last 5.
This morning 5/14/2019, the treasury yield curve was inverted for at least the second time this year. Three month treasury bills were yielding 2.42% and ten year treasury bills were yielding 2.41%. A flat or inverted yield curve has preceded all of the recessions since WW2.
I wouldn’t worry. It’s much too early for the Leftists to attempt to Crash the US Economy to win the 2020 Election. They will wait until late summer of next year.
Like they would not be equally affected I can’t even perceive the thinking.
Their disability and unemployment checks will continue to come even if there's a crash.
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