The (likely) possibility of the yield curve inverting within the next couple of months cannot be viewed as the rock-solid indicator of economic recession that it has been in the past.
A couple of reasons why:
1. The Fed bought trillions of dollars of U.S. debt following the Financial Crisis in an effort to keep long-term rates low 2. The Fed is now raising short-term rates in an effort to flatten the curve and normalize rates
Aug 30, 2018 • 22 tweets • 8 min read
Thread on why the Obama Economy™ was a dead man walking, and why that has quickly changed, thanks to deregulation and the Tax Bill.
Check this out: Small Business Confidence at Highest Point in 15 Year History of the Poll. 👇