/s
Posted on 12/06/2022 5:14:18 AM PST by Kaiser8408a
Whoop there it is!
The US Treasury 10y-2y yield curve descended further into inversion at -82 basis point, the worst since 1981.
This is not a good sign, since the 10Y-2Y curve typically inverts just prior to a recession.
The current US Treasury curve is currently humped at 1 year, then declining rapidly. The swaps curve is peaking at 9 months, then declining rapidly.
The Fed Funds Futures market is pointing to a peak Fed Funds rate of 5% at the May 3rd FOMC meeting.
Yes, a recession is headed our way.
(Excerpt) Read more at confoundedinterest.net ...
This is all hogwash! Look at how healthy the DJIA is! /s
What’s the timing? I want to plan.
But it will be "short and shallow"...
/s
“This is not a good sign, since the 10Y-2Y curve typically inverts just prior to a recession.”
We’re already in a recession. A depression is what’s coming before Spring.
My go to metric is the number of people sleeping in the Walmart parking lot. You’ll see people living out of their cars and vehicles when things start getting worse.
Just keep saying this to all the dummies who say that Trump lost:
Are you (and the nation) better off today than you were 4 years ago? You will have to add time to the “years ago” as we go forward.
Of course some will say, I’ve got more dollars today than I had then. Take them a roll of TP and say it is worth exactly what this roll is worth.
“We’re already in a recession. A depression is what’s coming before Spring.”
FR Post of the Month
I also see them at Home Depot and Lowe’s lots.
Although I’ve advised for years, about various SHTF scenarios, some have prepped as I have since 2002, and are ‘prepared’ for what’s coming. Many haven’t and will reap the much worse times ahead.
Hold my beer. 2 PM Saturday afternoon in Pocatello. It was 43F. Northbound on Yellowstone Ave, we reached a red light at Yellowstone and Alameda. On the sidewalk of the southwest corner was a fat guy dressed only in underpants and a hat. A big tattoo across his lower rib cage (not readable from across the street). He was stumbling around like a drunk. Almost lost his shorts at one point.
My wife (a police dispatcher) read the report when she returned to work yesterday. 4 parties called Pokey dispatch to report the guy. Pokey PD contacted him, but did not arrest him.
My wife has 3 female co-workers. All pregnant. All due within the next 3 weeks. When that happens, she will have to work 3 days x 12 hours plus 1 day 6 hours as her "share" of the 7x24 coverage of police/fire/ems dispatch. There is no room for days off or sickness for the 90 days of "family leave" expected.
When the paychecks stop, so does the work. Life is about to get "interesting".
Right you are.
The ships are backed-up at ports, trucks will stop running when diesel hits $9-10/gal, or when there’s no product from the ships to transport, so will the trains, the ATMs and banks will close due to digital currency, and TSHTF, comes to the fore.
Most have no idea what’s coming.
Holy Cow. That is not a position where she can work half fast. I hope you are in a position to make sure she can take it super easy away from work.
My household won't fall apart. Both of us could retire tomorrow. We're "whistling past the graveyard" at this point. Working as long as our employers are solvent. When it crashes, we have plan B ready.
The 2nd order effects are layoffs at retailers. You don't need staff to stock shelves if they don't have products. You don't need cashiers and greeters if the shelves are empty.
Shortages are not appearing uniformly. Small towns are getting hit first. Large cities are still getting product delivered.
Hi.
Welcome to FR.
5.56mm
Yes, and good observations.
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