Main yield curve inverts as 2-year yield tops 10-year rate, triggering recession warning
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I assume the Fed will hopefully cut rates by 50 basis points at the next meeting but that's not until next month. Stocks were down pretty hard today. I guess the German economy had a bad quarter. Hopefully things don't get too horrible for the USA and global economy but I fear it will.
Wednesday 8-14
#king
1073.184 SP
1856 VP
I hope this won't start a new global downtrend in the economy. Could well be. Trade war between the US and China. Brexit in Europe, etc
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Broke taxpayers are going to have to pay for their broke government.
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I think for a lot of them that's no longer a possibility.
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They will pay. Probably with inflation. :(
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I think for a lot
Of them that's no longer a
Possibility.
- frankvvv
I'm a bot. I detect haiku.
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Broke taxpayers are
Going to have to pay for
Their broke government.
- mysearchisover
I'm a bot. I detect haiku.
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Well your royal highness after you are done I will be the most stock savvy pauper on the planet. I don't know what good that does me outside of early indications to stock pile noodles and rice.
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Hopefully you're out of debt.
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I am not carrying anything I can't handle. I am hoping for my mortgage to be paid off within the next year, maybe year and half, I'll be all good by then.
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I wonder if we will have negative rate mortgages in the USA. Seems crazy but they have that in one country already.
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According to the article linked up in one of your post it's more than one country trying it out.
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Yeah the USA will not be the first country to go down the crapper. lol Venezuela and Argentina are already officially in collapse and Germany will probably collapse before the USA.
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Somehow it manages to find it's way back...at least we can hope so.
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Officially we might not collapse but they will probably kill our currency.
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