The first thing you have to understand, in my opinion Trump did all of this. This is a residual of his ability to address the pandemic. Trump got in office when Obama saved the economy and we had eight years of growth and took advantage of that as it sat it up. Secondly, he got rid of the pandemic response team that would have alerted us sooner which could have saved us from I million Americans dying from covid. For some, covid was a cold and a flu for black and brown people-it was a death sentence. I personally lost dear friends and life will never be the same I will mourn till I die.
A recession is a significant decline in economic activity that lasts for months or even years. Experts declare a recession when a nation’s economy experiences negative gross domestic product (GDP), rising levels of unemployment, falling retail sales, and contracting measures of income and manufacturing for an extended period of time. Recessions are considered an unavoidable part of the business cycle—or the regular cadence of expansion and contraction that occurs in a nation’s economy.
The sad thing is the Feds are trying to curtail inflation by raising interest rates and selling bonds to the public and the rate they control bonds will become a place where people keep their money safe while we are in a recession. So in short the federal Reserves are trying to raise rates high enough to bring inflation in check the truth is this is the normal cycle of the economy. The sad thing people think this is Biden fought. It is the big business that is taking this opportunity to do this to make record profits this is going to be a real mess if republicans get the control they are going to give the wheel back to big business and they are going to get rich as hell. The public is stupid they don’t educate themselves about investing in themselves. This country teaches us to be workers and not businessmen. And when we find out it is too late we are old and it does not matter
When it comes to recession indicators, nothing is quite as good as a US Treasury 2-year/10-year yield curve inversion. Since 1978, every time the 2/10 curve has inverted, a recession has followed.
That’s not good news for the US economy. The 10-year reached highs of 3.04% today following the red-hot June inflation report and 2-year yields rose by 3.17%. deepening the current inversion to its widest spread in 22 years.
“Back to the year 2000,” Liz Ann Sonders, chief investment strategist at Charles Schwab, wrote today. A recession is now inevitable, she added.
Bank of America economists also said they expect the US to enter a “mild” recession this year.
The yield curve inverts when short-term Treasury bond investments pay out more than long-term investments.
But that doesn’t necessarily mean a recession is right around the corner: The shortest inversion-to-recession period was 158 days, before the 2020 recession. The longest was 1,010 days, ahead of the 2001 recession, according to an analysis by Jack Hersch at S&P Global Market Intelligence.
