An inverted yield curve is a leading indicator of a recession - a warning light.
We are not in or entering into a recession. Despite inflation, unemployment is low (3.6%), job growth is still strong, and the GDP is not falling - the economy overall is still strong. The stock market is not the economy - we've just entered into a bear market, but that doesn't have any bearing (no pun intended) on whether we're about to enter a recession. The warning light may be flashing red, but it's just a warning light.
The first paragraph of this article describes what a recession actually is, as defined by economists. And, despite what you personally believe, we WERE officially in a recession on Trump's watch, although it was the shortest on record - from Feb 2020 through Apr 2020.
http://www.investopedia.com/terms/r/recession.asp |
