Let’s get the word back out, and dust it off, been awhile since we’ve had a bonafide recession. Americans should begin preparing for recession. Looks as if one will be here before you know it. We have been living under siege by nothing but “Woke” Liberals/Leftists/Democrats, by any other name. Basically, people who have zero vision with their constant failures on implementing public policy. Leadership at the top on down here in America requires vision in order to avoid things such as sudden reversals in economic growth known as recessions and depressions. The 2 to 10-year U.S. Treasury yield curve is very close to inverting. The difference between the two is now down to just 25 bps. Closing in on an inversion, and this even before the Federal Reserve could hike rates once, that should tell market watchers something right there. Any adjustments in public policy inside the United States (at this point) are going to be too few and too late. I hate to be a Debbie Downer here but appears the damage to public policy(ies) by Democrats is done my friend.
I blame the “C” suites of most large American corporations. They embraced “woke-ism”, from the largest banks to the largest oil companies to the largest drug companies to you name it. These mega-cap corporations bought in on “woke-ism”, even including the promotion and delivering of financial support to domestic terror organizations. Correct! American corporations gave a ton of money toward the election of these total imbeciles that are now calling all the shots in Washington, from the White House down to Congress and even most state courts. They know who they are and what they have done. It’s truly unbelievable and a shame that we have to go through this exercise because somehow Trump’s tweets were “so mean”? Remember how mean they were? Yea, I don’t either. I’m laughing my ass off as these same fools don’t understand that they need to maintain their jobs too, and keep their companies running/profitable, and they live here also. What total dumbasses these “C” suiters are – incredible dumbasses! Yes, by all means pour 100’s of $millions into electing imbeciles (Democrats) to run cities, states, place them in important courts around the entire country when most all of them are on the take, yet somehow that’s all going to work out for you individually? LMAO! You should all be fired immediately and expelled from the country under grounds of treason – all of you involved in promoting these activities. I wish all woke corporations and their Democrats the worst in possible circumstances. They really deserve to be annihilated financially and personally for what they’ve done to this country over the past five years. From promoting the fake impeachment of an innocent man to promoting incompetent people to run our highest offices in the country, and now here we all are. Like what you did to your country jackass?
Now as for the rest of America, what’s left of it anyway, after this reckless behavior, I hope you folks that voted in Democrats have learned a valuable lesson here, a lesson I never ever needed reminding of. Now that Recession is imminent – it’s all yours! 🙂
I wrote this blog post almost one month ago and here we are – after teetering on inversion over the past few trading days, the respective yields on 2 to 10 year U.S. Treasury rates have officially inverted. This is a rare occurrence in the treasury markets, and one that bears watching. How long it lasts can send signals regarding the high probability of the U.S. economy falling into a recession as history has documented many times over. Thus a 2-10 treasury yield spread inversion can never be taken (too lightly).
My personal take on the subject hasn’t changed, I have zero (0) confidence in the people assigned to maintain our current U.S. economic expansion – from Joe Biden as President to Kamala as V.P. to Powell as Fed Chair to Janet Yellen as Treasury Secretary, not to mention all of their chosen deputies who operate behind the scenes tasked to further carry out their Socialist agendas. This country, the United States of America is in major trouble folks! I’ve warned and warned people for years and years when I was on FB what could eventually happen if the wrong people were voted in, and now the ugliness of that, my worst case scenario has finally arrived and appears to be playing out inside our country today. Getting out of this (worst case) economic scenario and into a soft-landing for the U.S. economy at this point? It’s not my “base case” at all! Not any more, we’ve gone beyond what’s even salvageable… if you’re reading this and you’re not a Unicorn (Socialist), please pray for the Republicans to win both houses of Congress this November for it’s our only way (path) out of this complete fiscal mess the Socialists have gotten us into, the size of which we have never witnessed.
There’s usually (not set in stone), not always, around a five to six month time delay before a recession in the U.S. begins. One reason for this could be that it takes that long for “demand destruction” to have an effect on corporate profits. Commodity prices spiking has been a great signal for the beginning of the end, this is what pre-empted the great recession of 2008. Oil & gas stocks were the only ones that kept a strong bid back then while the rest of the stock market fell early in that year. Oil & gas stocks didn’t turn down and join the rest of the sector wreckage until around August of 2008.
This total void of competent leadership in the United States today will ensure that we enter another recession. But by all means those of you that keep voting for Democrats keep doing so, you’re destroying the country. I hope you don’t need a job because you just received another pink slip (only slightly delayed). 🙂
I find absolutely no reasons at all to be invested in the United States (in anything) at this juncture.
End of a cycle. No big deal right?
Stagflation is sadly a more likely outcome. Hope I’m wrong.