07/12/2023: US Economy: Reading the Signs of a Looming Recession
The Wright Report
00:00
The Inverted Yield Curve
The number of involuntary part time workers is now at 4.2 million Americans, a 12% increase from May. A market increase in those involuntary part time worker numbers has accurately predicted an economic downturn or recession in the past. And speaking of, we've got another tea leaf to talk about something called an inverted yield curve. In other words, short term US debt as of last week anyway was paying higher interest rates than long term debt.
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