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All Hail the Great Trump Recession [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-02-27
The markets gave a strong signal yesterday that the U.S. is headed to recession.
Having inherited a strong economy only a month ago, Trump has done a fantastic job of destroying a powerful economy.
The signal for a recession is something called an inverted yield curve. It is a little deep in the weeds, but it means people are willing to accept a lower interest rate for money that will be paid back in the future, while near-term rates remain higher.
According to MSNBC: MSNBC
The 10-year Treasury yield passed below that of the 3-month note in Wednesday trading, giving rise to an "inverted yield curve." It's seen as a predictor for recessions. In fact, the New York Fed considers it such a reliable indicator that it offers monthly updates on the relationship along with percentage odds on a recession occurring over the next 12 months.
How did Trump lead us toward recession so quickly? Could it have been attacking our allies? Disrupting our government? Seeking new conflicts around the world? Maybe just displaying to everyone that he has no idea what he is doing? Could picking a Cabinet with no qualifications have been a factor? Maybe it’s the new House budget blueprint.
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