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Financial markets around the world tumbled on Wednesday as a slew of ominous data suggested economies are being pushed to the brink of recession by increasing trade tensions. The US Treasury yield curve – one of the most closely watched harbingers of doom – inverted for the first time since the run-up to the 2008 financial crisis.
The Treasury yield curve – the difference in the returns of two-year and 10-year US government bonds – has a formidable track record of predicting US recessions, sounding the alarm before every downturn of the last 50 years.
“Global and US yield curves are screaming recession,” said Steen Jakobsen, chief economist at Saxo Bank.
https://www.telegraph.co.uk/business/2019/08/14/equities-tumble-global-bond-yields-scream-recession/
Whaddya say, Mr President? Trade wars are easy to win!
The Treasury yield curve – the difference in the returns of two-year and 10-year US government bonds – has a formidable track record of predicting US recessions, sounding the alarm before every downturn of the last 50 years.
“Global and US yield curves are screaming recession,” said Steen Jakobsen, chief economist at Saxo Bank.
https://www.telegraph.co.uk/business/2019/08/14/equities-tumble-global-bond-yields-scream-recession/
Whaddya say, Mr President? Trade wars are easy to win!