3Y Treasury Yield passed 10Y Treasury Yield this morning. Recession confirmed.

by

by laflammaster

From almost 20% of GDP last year to less than 5% this year. I can’t say when the “official” recession will begin however growth is currently hovering at 0% right now, which means that ex-deficit we are ALREADY in a 5% recession.

LOL! Yahoo News: Yellen: “‘Nothing to suggest’ US will have a recession”

Our so-called leaders are idiots. And they will clearly be the last to know that their reign of idiocy is ending. Badly.

 

h/t  SilverBoatSurfer