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"This is the first time the shorter-dated 5-year Treasury yield has risen above that of the longer-dated 30-year U.S. government bond since 2006 — just a couple of years before the Global Financial Crisis."
Don't panic yet.
From the article (bold is mine):
Quote:
“With the Fed set to hike into restrictive territory, the curve will invert,” said Seth Carpenter, chief global economist at Morgan Stanley. “As has always been the case in the past, markets will debate whether an inversion presages a recession. A policy mistake that causes a recession is clearly possible, but our baseline is that an inversion without a recession is more likely.”
I question if we ever recovered from 2008 or did we just Paper over it with the USD Printing Press. Most of the gains made in the country seem to be based on Stock values and DOW volume and not increases from economic activity or GDP increases, but I am not an economist so it's my guess.
Trump and Hillary both ran on continuing the recovery from 2008 and most articles up to 2020 were about continuing a recovery which I always felt odd about. That would seem to say Economist never stated that we actually recovered outside of the Dow.
Did anyone also notice that we were using the word "Recovery" for over a decade and a half and thought it was strange considering everyone was excited over the new DOW records? Perhaps it was just me?
Biden doesn't care and neither you should you, according to democrats. Recessions are good. They give us time to rest our feet and not worrying about having to pay our bills... Since we will own nothing and be happy... Or else...
Wrong inversion compared to the one I am referencing.
A recession does not happen the next month. It's usually within the next 18 months. The market looks ahead. No worries though. Even though the recession is now predicted next year based on current policies & events, you will just blame Republicans when they take Congress in the Fall.
he and peppermint patti love to talk about those guys, but have they ever named them?
Yes.
The signees, who are all currently employed as professors at the nation’s top universities, include Treasury Secretary Janet Yellen’s husband George Akerlof, Sir Angus Deaton, Peter Diamond, Robert Engle, Oliver Hart, Daniel Kahneman, Eric S. Maskin, Daniel McFadden, Paul Milgrom, Roger Myerson, Edmund S. Phelps, Paul Romer, William Sharpe, Robert Shiller, Christopher Sims, Robert Solow, and Joseph Stiglitz.
the 2019 opinion was based on the 90day yield being inverted..... while the op article is on the 5yr and 30 yr yields, in which this is the first time since 2006
Distinction without a difference. Did you read the Forbes article?
2008 to 2009 Great recession
Day of first sustained inverted yield curve: July 17, 2006
Last day of inverted yield curve: August 27, 2007
Length of inverted yield curve: 13 months
Largest amount of inversion: 64 basis points
3-month yield at that time: 4.50%
10-month yield at that time: 5.14%
Wrong inversion compared to the one I am referencing.
A recession does not happen the next month. It's usually within the next 18 months. The market looks ahead. No worries though. Even though the recession is now predicted next year based on current policies & events, you will just blame Republicans when they take Congress in the Fall.
A yield inversion is a yield inversion. Hence the article that I cited.
Your prediction is a weak attempt at deflection. It won't work.
you say this like you think it isnt the desired outcome.
newsflash this is what the left WANTS. Its what they need to maintain power.
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