The US stock market has lost $11.7 trillion in market cap from its January high… Subprime ABS widening… Recession is coming…

Economic contraction occurs as the yield curve uninverts. The inversion is the predictor.

https://fred.stlouisfed.org/graph/?g=o3pn

https://fred.stlouisfed.org/graph/?g=dOUu

h/t uslvdslv