Drudge is in full press recession, anti-Trump mode.
Folks, Soros and Buffet and other hedgies and billionaires hate Trump and are taking massive profits today and shaking out weak stock hands...they will then buy it back at their e,sense. There is no recession. It is all MSM.
No unemployment. Low interest rates. Negative bank rates overseas with tons of money seeking safe haven here.
Trump 2020 is what the MSM and swamp is trying to stop.
PDJT didn’t do himself any favors on. Having per his campaign manager’s likely advice.
https://www.cnbc.com/2019/08/14/janet-yellen-say-yield-curve-inversion-may-be-false-recession-signal-this-time.html Markets should place less weight on this yield curve inversion, former Federal Reserve chair Janet Yellen said Wednesday.
The inverted yield curve is the result of money pouring into US Government bonds from abroad. They have no where to invest their money and earn a safe positive return. The influx is driving down the yield to the point it crosses the short term rate.
On the other hand, short term money is not tight. It is available for small busiensses . Lines of credit for credit cards are at 4 and 5% for one year. It’s there for the asking.
Meanwhile, Europe is being flooded with goods from china sold at bargin basement prices to make up for lost American sales. That has caused decrease in production and job problems for euro workers.
Denmark, the king of windpower is losing European sales to chinese wind turbine companies. Denmark cannot compete
In America, there is a budget deficit. guess what? The money to pay if is conming from abroad from investors afraid to put the money anywhere at home.
So, the lying MSM drags out the yield curve canard to hide the good news.
Do not waste your clicks on Drudge, he is alive because people do and the Ad Revenue he generates on click through’s keeps him alive along with ads on his site
Click over even once and you are padding his wallet, every time