Will Trump cause the next recession?
10 year yield collapses below 3-year in midst of Trump's Mexico Tarriffs
• An "inverted yield curve" has historically signaled a pending recession.
• Longer-term bonds pay higher yields, or returns, to investors than shorter-term bonds--with an inverted yield curve, those trends reverse.
• The yield curve is now the most inverted since 2007, before the Great Recession.
In 2015/2016 I knew Trump would be unpredictable on foreign policy, domestic issues, etc, but I had faith that trade and economy was the one area he would prevail given that a strong economy predicts re-election of a current president (and is the most important factor for overall standard of living).
Well looks like each passing week the prospect of a recession increases as Trumptard shoots himself and the US in the foot on trade.
We are already in a trade-war with China, and just yesterday the WH announced 25% tariffs on Mexico imports.
To Trumpy it doesn't matter that a significant number of American companies are based in Mexico or that US citizens are going pay a premium for this non-sense. No, pragmatism and common sense doesn't apply when it comes to making America great again!