Yesterday set off alarm bells about a coming recession.

By |2019-08-14T08:44:00-08:00August 15th, 2019|Categories: News|Tags: , , , , |19 Comments

Damn, this is pretty bad.

Courtessy of Common Dreams

Warning signs that the U.S. economy could be barreling toward a recession quickly became alarm bells Wednesday after the Treasury bond yield curve—a key indicator that has preceded every major downturn over the past five decades—inverted for the first time since the Wall Street crash of 2007.

As the Washington Post reported, “the yields on short-term U.S. bonds eclipsed those of long-term bonds” on Wednesday, a phenomenon that “suggests investors’ faith in the economy is faltering.”

Chris Rupkey, chief financial economist at MUFG Union Bank, told the Post that “yield curves are all crying timber that a recession is almost a reality, and investors are tripping over themselves to get out of the way.”

Economists and other commentators were quick to place at least some of the blame for worsening market volatility on President Donald Trump’s trade war with China, the world’s second-largest economy behind the U.S.

Though Trump sparked a brief rally on Tuesday with his decision to delay his planned 10 percent tariffs on Chinese goods until Dec. 15, markets tanked again Wednesday in response to the inverted yield curve, wiping out the previous day’s gains and triggering fears that a major recession could be imminent.

A recession is bad news for all of us. 

However Donald Trump should fear one more than anybody else, because it will completely derail his bid for reelection. 

Trump’s entire 2020 strategy is to take credit for the strong economy that President Obama left him. 

But if shit hits the fan this far into his presidency the only person he will have to blame is himself. 

Yeah I know, he will never accept the blame. 

But even if he blames members of his own cabinet those are still his people and ultimately it is still his fault. 

In short, if this recession happens Donald Trump is fucked. 

About the Author:

This blog is dedicated to finding the truth, exposing the lies, and holding our politicians and leaders accountable when they fall far short of the promises that they have made to both my fellow Alaskans and the American people.

19 Comments

  1. 401kkk August 15, 2019 at 6:27 am

    https://www.politicususa.com/2019/08/14/former-obama-economic-adviser-names-trump-the-biggest-risk-to-the-us-economy.html

    None of that is good.
    Trump continues to dig in his heels and say absurd things that false, such as China is paying for the tariffs. A president with rigid policies is a bad president. A president who has rigid policies that are based on fantasies is courting economic disaster.

    Donald Trump is threat number one to the US economy, and voters will have to wait more than a year before they can remove the threat in the voting booth.

  2. Anonymously August 15, 2019 at 6:36 am

    Writer Predicts Humiliating Fox News-Related Way It Will End For Donald Trump

    Windsor Mann envisions Trump dialing into “Fox & Friends,” only to have his calls completely ignored.

    https://www.huffpost.com/entry/writer-predicts-the-humiliating-way-it-will-all-end-for-donald-trump_n_5d552dd6e4b0eb875f1fc86a

    https://theweek.com/articles/858707/everyone-eventually-turn-trump-even-steve-doocy-

  3. Anonymously August 15, 2019 at 6:38 am
  4. Anonymously August 15, 2019 at 6:39 am

    Robert Reich Warns That The Economy Has Trump On Very Thin Ice

    https://www.politicususa.com/2019/08/14/robert-reich-recession.html

  5. Anonymously August 15, 2019 at 6:43 am

    Trump launches maniacal tweetstorm after devastating Fox News poll shows his numbers near all-time low

    https://www.rawstory.com/2019/08/trump-launches-maniacal-tweetstorm-after-devastating-fox-news-poll-shows-his-numbers-near-all-time-low/

  6. Anonymously August 15, 2019 at 6:46 am

    Right-wing pundit apologizes for helping Trump and putting ‘an unfit con man in the White House’

    https://www.rawstory.com/2019/08/right-wing-pundit-apologizes-for-helping-trump-and-putting-an-unfit-con-man-in-the-white-house/

    • OK August 15, 2019 at 6:54 am

      Tea Party Republican Joe Walsh

      On November 8th, I’m voting for Trump.

      On November 9th, if Trump loses, I’m grabbing my musket.

      You in?

      12:02 PM – Oct 26, 2016

      NOW
      Why did I write this piece? Two reasons: First, I wanted to make clear that Donald Trump is unfit to be President, and he MUST be challenged in the Republican primary.

      And second, I wanted to apologize for the role I played in helping to put an unfit con man in the White House.

    • Anonymous August 15, 2019 at 7:05 am

      Too little, too late and the rest of us are paying for his stupidity.

  7. Anonymously August 15, 2019 at 6:49 am

    Trump allies start to panic — and admit ‘he can’t win’ if the economy tanks

    “I’m very worried about the latest economic data,” one source described as “close to Trump” told Swan. “A lot of us are concerned. Without the narrative on the economy, he can’t win.”

    https://www.rawstory.com/2019/08/trump-allies-start-to-panic-and-admit-he-cant-win-if-the-economy-tanks/

    https://www.axios.com/donald-trump-recession-economic-growth-7df44280-2c41-4c3d-a957-8c31dcd45c40.html

  8. Anonymously August 15, 2019 at 6:53 am
    • Zer'0' August 15, 2019 at 7:33 am

      “The moment of crisis has finally arrived for President Trump. Does anybody think he is prepared to handle it?”

      “Trump has reacted precisely as you’d expect. Which is to say, badly. Trump’s chief advisers is Larry Kudlow

      He’s blaming the pending recession on the Federal Reserve. Publicly, he’s shrugging at the conflict in Hong Kong — “I hope it works out for everybody,” he said. But privately, he’s reportedly deferential to the possibility of a Chinese military crackdown and offered a “personal meeting” with Chinese President Xi Jinping to resolve the matter. As for Kashmir, Trump has already withdrawn his offer to mediate that crisis.

      Most of this leadership — if you can call it that — has taken place on Twitter. None of it seems to be working.”

      ” but so far he has avoided the kind of historical catastrophe by which we often judge our presidents. There have been no economic collapses and no major outbreaks of war, no national or international crises that require him to prove his mettle.

      George W. Bush spent his presidency reacting to 9/11.”

      P.$.
      FUCKUdickcheney
      Alan Greenspan

      https://www.marketwatch.com/story/ex-fed-boss-greenspan-says-there-is-no-barrier-to-treasury-yields-falling-below-zero-2019-08-13

  9. Anonymous August 15, 2019 at 7:03 am

    He has destroyed just about everything else, why not the economy too?

    So after crashing the economy we will need another Democrat to fix things that the republicans will take credit for.

    by the way, why hasn’t anyone in the press asked the IDIOT, why he is putting off tariffs on China until after Christmas, since according to the moron, we the consumers are not paying for them. Have him EXPLAIN that one away.

  10. Kathy griffin will save us August 15, 2019 at 8:30 am

    He is “installed by god”. So there’s that.

  11. 'O' hi 'O' August 15, 2019 at 8:36 am

    “In “American Factory”, the Obama’s first film for Netflix, filmmakers Julia Reichert and Steven Bognar explore an economic culture clash in Dayton, Ohio ”

    “A Chinese factory in the American heartland”

    https://www.cnn.com/videos/tv/2019/08/14/amanpour-american-factory-reichert-bognar.cnn

    https://deadline.com/2019/06/american-factory-premiere-date-netflix-obama-documentary-sundance-1202638360/

  12. Anonymous August 15, 2019 at 11:55 am

    We a shithole cou try donald wanted us to be.

  13. Anon August 15, 2019 at 12:09 pm

    He can bs his way out of recession for a while. Still he is weakening and it is only a matter of time until he totally loses it.

    Trump’s cognitive deficits seem worse. We need to know if he has dementia: Psychologist
    https://www.usatoday.com/story/opinion/2019/04/09/does-donald-trump-have-dementia-we-need-know-psychologist-column/3404007002/

  14. Anonymous August 17, 2019 at 8:23 pm

    They’re saying 22 months or a bit sooner. I’m thinking 10-14 months. Just in time for election season.

    Scaramucci thinks Trump will bow out in March when it’s clear he’ll lose rather than risk the humiliation of defeat. I think Trump will fight to win, even if he has to cheat and commit a crime because the only way to avoid indictment is to continue to be president. So no, I don’t think he will quit, no matter how bad the polls are.

Comments are closed.