“The flattening curve pointed to a deep pessimism among bond investors who see the economy fading away its short-term boost from fiscal stimulus and tax cuts.”
“An inverted yield curve has been a great tool to predict U.S. recessions, with the yield spread between three-month bills and 10-year notes falling below zero before each of the past seven slowdowns. But it doesn’t usually happen immediately. That means a recession could come in late 2019, in 2020, or even later. That probably doesn’t come as a surprise to most investors after one of the longest economic expansions in history.”
Read more: https://www.bloomberg.com/view/articles/2018-06-13/fed-decision-an-inverted-yield-curve-is-imminent
“Beinner highlights the increase of global debt, now upwards of $237 trillion and the way the debt has been dispersed as risks to the economy. Rather than banks holding most of the debt as it happened in the financial crisis, this time it’s hedge funds, private equity and investment managers holding most of it. Also worrisome, he says, ratings agencies are again being overly generous with their appraisals allowing for companies with very high debt levels to gain investment-grade ratings.”
Read more: https://finance.yahoo.com/news/fund-managers-say-see-next-economic-crash-looming-144251620.html
“It’s truly astonishing that someone so dangerous and out of touch has been able to rise to power. And even more astonishing how quickly it’s happened.”
“Who really gets hurt by Mexican tariffs on American cold cuts? The answer: Mexicans. Who really gets hurt by Canadian tariffs on American steel? Canadians.”
Read more: http://www.independent.org/newsroom/article.asp?id=9398
“Grey and black market consumers don’t get hit with stiff sales and excise taxes, and if they can still get it from the guy down the street, why pay those high, state-legal prices?”
Read more: https://stopthedrugwar.org/chronicle/2018/may/30/why_are_californias_legal
“In response, state regulators will temporarily stop processing new applications for marijuana licenses starting June 15.”
“The regulated sales will face competition from a black market which is thriving. The legal cannabis is expected to be more expensive and less available because of strict regulations, due to which buyers would have no reason to switch to the former from illegal pot.”
“Alarmingly, a majority of millennials would prefer to live under socialism or communism.”
Read more: https://fee.org/articles/3-myths-of-socialism-debunked-by-venezuela-s-nightmare/
“Many people think this boom will last forever. The Great Debt Crisis of 2008 has been largely wiped out of their collective memory.”
Read more: https://weissratings.com/articles/will-the-next-debt-crisis-be-worse-than-2008-when-will-it-begin
