The 2s/10s curve is now inverted!

in #economic • 5 years ago

And everyone is worrying about a recession.

https://www.zerohedge.com/news/2019-08-14/2s10s-just-inverted-heres-what-happens-next

But have no fear, because you're already fucked! There is no upcoming recession, you haven't left the one since 2008 for what would constitute a depression!

Here's one nice indicator, the population to employment ratio (remember to change the scale - lies, damn lies, then there are statistics - it's default is set to 2009 and doesn't look so bad. Switch it to 2006 and it's real easy to see you've been fucked this entire time)
https://data.bls.gov/pdq/SurveyOutputServlet

Nothing to worry about. It just means the economy is getting even worse. It was already terrible to begin with.

#implosion
5 years ago in #economic by
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