Unaffordable housing. Pay inequality. Daily uncertainty of financial markets. Staggering debt levels.
"Perhaps a little yield curve inversion is just the bond market's squeamish reaction to America's vertiginous descent into daily norms that are more consistent with a banana republic-style emerging market than the world's largest and preeminent economy."https://www.cnn.com/2019/06/04/perspectives/bond-market-distrust-in-america/index.html …
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Wouldn't that drive yields higher?
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Seeing a picture of
@realDonaldTrump pop up on my feed alongside a quote including the word “vertiginous” in it got me reading. Thanks for the tip! Smart article.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Or maybe "investors" (gamblers) finally started noticing how rotten the economy really is. 43% of past five years American college grads underemployed ("Fortune" Aug. 2018). Daily multiple big downsizings of good-wage jobs, many industries, all past month (LayoffsNews
@LayoffsN).Thanks. Twitter will use this to make your timeline better. UndoUndo
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