Yield Curve Clearly Pointing to an Economic Recession.
In this report, I cover the early market action from London on Friday, August 2nd, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I first look at a quote from George Washington in which he warns the public about factions or political parties and why I agree with him. These factions help divide the public and keep them under control of the powers that be. With this in mind, I started a "Divide and Rule Free Zone" campaign in my Teespring store. https://teespring.com/en-GB/new-divide-and-rule-free-zone?tsmac=store&tsmic=maneco64&pid=389&cid=100020&sid=front
To cap off my report I look at the very volatile market action we have seen in the stock market, bond market and precious metals in the last day or so. One of the big moves in the markets since the Fed's decision to cut rates a couple of days ago has been a massive drop in long term U.S. Treasury yields and a sharp inversion of the yield curve.
My conclusion from the recent market events and the escalation of the US and China Trade War is that the economy is quickly halting and that a recession is right around the corner.
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