Brace Yourselves! New Data Show Recession is Likely Around the Corner
As someone who is involved in the stock market on a regular basis, something that I hear all of the time is that there is always another recession lurking around the corner. They were saying it before 2020 and they’re saying it again now.
The only real reason that a recession happened in 2020 is because of the entire world shutting down because of the pandemic. The damage that this has caused will take a decade or more to recover from and our world is a drastically difference place now because of the matter.
In my mind, the whole thing is over with. I don’t ever consider it to exist and be a problem personally any more than I am concerned about the flu which I never get.
But as I said, people are saying that there is yet another recession upon us and the reason that they’re saying this is because of a pattern that is being seen which hasn’t appeared since the Great Recession of 2008.
According to CNBC,
The 2-year and 10-year Treasury yields inverted for the first time since 2019 on Thursday, sending a possible warning signal that a recession could be on the horizon.
The bond market phenomenon means the rate of the 2-year note is now higher than the 10-year note yield.
This part of the yield curve is the most closely watched and typically given the most credence by investors that the economy could be heading for a downturn when it inverts. The 2-year to 10-year spread was last in negative territory in 2019, before pandemic lockdowns sent the global economy into a steep recession in early 2020.
The yield on the 10-year Treasury fell to 2.331%, while the yield on the 2-year Treasury was at 2.337% at one point in late trading Thursday. After a brief inversion, both yields were basically trading at the 2.34% level in the latest trading.
Would I be surprised if we experience another recession? Of course not! Look who we have running this country like an idiot. He’s literally implementing every policy that he can come up with that would make this country worse and the biggest problem is really that he’s too stupid to see it and the Democrats are too stubborn to say anything about it. They just role with the punches because he’s a Democrat and because they’re all rich so they’ll be okay. It’s the little guys like us who ultimately end up hurting.