Banks are Bracing for a Recession as Treasury Yields Surge

Hyperinflation will lead to this, but the Liberals still don't see it... or they (the politicians) lie about the truth.

 

Is this post from 2021, 2022, or 2023? Eventually, if you predict a recession every single year, you will be right.

 

Biden's uncontrolled spending is leading us to a Jimmy Carter level of financial mismanagement and depression.

 

Hyperinflation? lol

 

So far the consumer has been driving things. That will taper as savings levels wind down, Student loans come due again, and consumer credit costs go jumping up. We are a consumer driven economy and much of it paid for over time.

If the UAW strike lingers on GDP will take a hit.

Q3 GDP is predicted to pop but more than likely will back track in Q4.

The big driver will be the Biden spending bills. Lots of cash to go around. Pick the winner by what’s in those bills.

 

Wait, so you are opposed to spending increases? When did that start? As a reminder, federal government spending is currently much lower than when he came into office.

 

Treasury yields fall back from 16-year high after weak US jobs data | Financial Times

 

Temporary decline in treasury yields due to a weak ADP report.
If we break the 5% mark on the 10-year we're headed to 7% on short term notes.

 

Is it time for the semi annual post about us going into a recession?

 

One can make a similar albeit opposite argument that the surge in rates yesterday was temporary and an overreaction and the ADP report reflected a slowing economy leading to declining inflation.

 

We're at a 16-year high in bond yields and headed higher.
Here's a liberal provider of information that hopefully even you can agree with.

https://www.cnbc.com/2023/10/04/us-...rs-assess-interest-rate-economic-outlook.html

 

CNBC unlike its sister network MSNBC isn't liberal and this is from that link:

Although it's only a guess rather indicating a trend towards higher rates yesterday could have just as well reflected a cyclical peak in rates.

 

Disagree about CNBC's liberal lean and the Fed may be near the end of tightening, but rates will stay higher for longer.

https://mediabiasfactcheck.com/cnbc/
How Liberals and Conservatives Rated the Media Bias of Axios, CNBC, CNN, Fox News, and OAN: Feb. 2023
Higher interest rates are here for the 'foreseeable future': Economist

 

We did have a recession in 2022 unless you like to use the "new" definition of a recession.

Opinion | A Recession by Any Other Name

 

Could be a butterfly flapped its wings in the Congo (for which Biden is to blame).

 

We did not. Same definition as always. I'll stick with facts, as there was not a recession in 2022 (which is a factual statement), while you post "Opinion" articles.

 

LOL. Let's look at what was the historical definition of a recession. So, is 2 straight quarters(6 months if you are struggling to add that up) of negative GDP a recession? Yes. Good try.

US Recessions Throughout History: Causes and Effects

In the U.S., the National Bureau of Economic Research (NBER) defines a recession as "a significant decline in economic activity that is spread across the economy and lasts more than a few months."

Recession - Wikipedia

In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."[3] The European Union has adopted a similar definition.[4][5] In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters.[6][7]

 

So your argument is that despite posting the definition of a recession in the US, which does not contain anything about 2 quarters of negative GDP growth, that is really the definition because the UK uses it? NBER explained why they didn't name that a recession already. You should look it up. To give you a preview (and because you won't actually looked it up because it doesn't benefit you) they did not do so due to the strong labor market at the time.

Providing the definition of a recession, which doesn't back your claim that it is based on 2 quarters of negative growth in the US, was a bold strategy. An own goal strategy.