The Treasury yield curve has inverted because of massive amounts of wealth being moved into US Treasuries… from Hong Kong… in what would be traditionally called a “flight to safety”. This is distorting the treasury market.
The people of Hong Kong are far from stupid.
Although I wonder about the talking heads in the US.
For the record, of course, there will be another recession. Why? Because there is always another recession. When? Who knows. But the famous indicator is currently subject to large external forces such a Chinese Military massing in the Shenzhen province just outside of Hong Kong. It’s called “Market Distortion”. One which is being created by the profound uncertainty of the future of Hong Kong due to the expected Communist Chinese invasion/crackdown.
We talked about this being worthy of your undivided attention almost 8 weeks ago.
It remains an event of greater importance than whether a Pedophile Auto-Erotically Strangled himself from the top bunk of his jail cell or was hit by the CIA… seriously… who gives a sh*t?
And Frankly, I always loved Recess.