We Just Witnessed An Economic Red Flag That We Haven’t Seen Since 1981

The mainstream media continues to tell us that the economy is in fine shape, and you can believe that if you want.  But evidence continues to mount that indicates that we are headed for very serious trouble.  Inflation is out of control, home sales have fallen for 12 months in a row, large corporations all over America are conducting mass layoffs, and hunger is spreading like wildfire as economic conditions rapidly deteriorate.  If this is “fine”, I would hate to see what “bad” would look like.  Virtually everything that normally occurs during the early stages of a major economic downturn is happening right now, and that includes an inversion of Treasury yields…

On Tuesday, the difference in the yield on 2-year and 10-year Treasury notes further inverted, with the yield on the 10-year falling 103 basis points, or 1.03 percentage points, below the yield on the 2-year yield. This dynamic has preceded each of the last eight U.S. recessions.

Please read that last sentence again.

This has happened for eight recessions in a row.

Do you think that by some miracle we won’t have a recession this time?

At this point, we are actually witnessing the deepest inversion that we have seen “since September 1981”…

Read more: We Just Witnessed An Economic Red Flag That We Haven’t Seen Since 1981 

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