04-25-2023, 06:26 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,919
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Quote:
Originally Posted by whell
Meanwhile, getting this thread back on track:
https://www.cnbc.com/2023/04/21/a-re...gist-says.html
The Conference Board on Thursday said its Leading Economic Index for the U.S. fell by 1.2% in March, slipping to its lowest level since November 2020. The data appeared to indicate that economic weakness could soon intensify and spread throughout the U.S. economy.
Alongside this warning signal, Watling said the typical timeline for a recession after the inversion of the Treasury yield curve, which first inverted in March 2022, then again in the following months, was roughly one year or so.
“Every time you’ve had that in the U.S., you’ve had a recession. So, I think it’s coming, it’s on its way. It’s just a timing issue,” Watling said. |
In other words, it's a perfect time to default on the debt and thoroughly trash the economy.
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