“Yellen is agreeing with Peter Navaro that people are borrowing money in Europe with negative interest rates (they pay back less than they borrow) to buy US 10 and 30 year Treasuries (they get back nearly 2.0% on their borrowed money). The technical term for this is win-win and with trillions of dollars in the float it amounts to real money. This completely nullifies the predictive value of the inverted yield curve and the equities algorithms and traders are selling based on the expectation of a recession that will not happen. When they come to their senses and realize their mistake they will pour into equities again. That coupled with the crowd that is boycotting equities because Trump is President will provide the fuel for a powerful FOMA upside when they realize that he is going to get reelected in 2020.”
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Precisely! And when Navarro attempted to explain this Fox News’s made sure to interrupt him constantly and change the subject.
Precisely! And when Navarro attempted to explain this Fox News’s made sure to interrupt him constantly and change the subject.
If I could have jumped through the TV I would have wrung Sandra Smith’s neck. She was hunting with all her prowess?
for negative answers, and looked like an idiot.