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Posts Tagged ‘Recession’

The Lies We Are Told

Posted in Politics, tagged , , , , , , on July 31, 2022| 3 Comments »

Adam Schiff and Liz Cheney of the J6 Committee.

Thou shalt not bear false witness against thy neighbour.

  • Exodus 20:16

As much as I try not to let it happen, the constant drumbeat of lies promoted 24/7 from every corner of our civilization gets to me from time to time. 

And I really find it is the constant lying about everything all the time by everyone in official positions of power that gets to me the most.

Politicians, CEOs, university presidents and professors, schoolteachers, school administrators, and school boards, federal government officials, state and local officials, legacy media outlets, churches, doctors, hospitals and medical officials, law enforcement, lawyers and judges, entertainers, athletes and professional sports leagues, bankers, and tax-exempt foundations.  In short, every institution in America has become a lie factory dedicated to deceiving us all and promoting a false view of the world.

But the Bible commands Christians not to lie and deceive others.  In the Ten Commandments, we are told, “Thou shalt not bear false witness.”  Paul repeated this idea in his epistle to the Ephesians, writing, “Wherefore putting away lying, speak every man truth with his neighbour.”   The Lord Jesus Christ said, “I am the way, the truth, and the life.”  The devil, Scripture tells us, is the father of lies.  And as imitators of Christ, his people are called to walk in the truth.  And no lie is of the truth.

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So Just What is a Yield Curve Inversion Anyway? Why Should I Care?

Posted in Financial Markets, tagged , , , on March 22, 2019| 2 Comments »

Yield Curve Inversion

US Treasury yield curve as of close of business on 3/22/19.  Note the highlighted areas on the chart showing the 1-month Treasury yield is higher than the 10-year Treasury yield.  This abnormal situation is widely considered to be the most accurate predictor of a future recession. (Source, CNBC).

You may have heard that the US stock market got smacked around pretty hard today. The Dow was off 460.19 or 1.77%. The S&P and NASDAQ had it even worse, off 1.90% and 2.50% respectively.

But while the stock market plunge took center stage today, a major secondary story was the continuing inversion of the US Treasury yield curve. Typical was the headline on CNBC which read Bonds are flashing a huge recession signal – here’s what happened to stocks last time it happened.

The article goes on to quote equity strategist Jonathan Golub saying that a yield curve inversion has preceded each recession over the last 50 years. Golub is hardly alone in saying this. If you listen to knowledgeable investors, they consistently will tell you that a yield curve inversion is the most accurate predictor of an oncoming recession. But this raises the question, So just what is a yield curve inversion anyway?

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