Welcome back Celtic Witch!
Thanks for sharing your insights - a lot to chew on, but worth it.
A question - is Melania looking towards Slovakia? As in a new start? Or Slovenia, so she can "go home"?
Thanks all for the warm welcome back! x
Yesterday morning the visions began to 'build' up in me. They were very strong and to get a release I had to write them down. I dropped everything I was doing.
I believe it's already begun.
@Laura F Whenever I see footage of Trump and Melania I'm always drawn to Melania. I feel she will return home for peace and quiet with her son. I see pain in her face. She'll go freely and with relief.
The bond yield curve has been inverted for 3 month vs 10 year bonds for a few months now. The bond yield curve for 2 years vs 10 year bonds is flattening and almost inverted.
Inversion is where the short term rates are higher than the long term rates. Normally, you would get a lower rate on a 3 month bond compared to a 10 year bond. The idea is that by promising to tie up your money for a longer period of time, you will be enticed with a better yield.
However, this isn't currently the case, the 3 month yield is higher than the 10 year yield. Several of the last recessions have been predated by an inversion of the bond yield curve.
Attached article is from July. Rates have been inverted since.
@coyote, I'd be curious to hear what your father thinks about our economy. I have my own impressions, which ain't good! Since I'm a senior I have my concerns, but I'm trying not to lose sleep over it.
The press thinks we are headed for a recession now. Today's economic news is looking grim, and I'd be more optimistic except that it fits the long-term vision I had in 2014 that began with a downturn at the end of 2019 or beginning of 2020.
Keep in mind that Brexit is coming which will cause even more market problems.
And then there are the reckless manipulations by Donald Trump who thinks he can play around with global markets like someone plays roulette in Las Vegas. He can't just jerk the Chinese around with his on again, off again tariffs.
The Chinese won't sit back and go back to business as usual when he says he won't impose some tariffs after tall. There are consequences to your actions, Mr. President, and this time you just might bring down your election prospects along with the your whole party.
I don't want anyone to suffer from the upcoming economic downturn, particularly we regular people. That said, I am feeling a small amount of schadenfreude at the thought of those who did vote for Trump even though they knew he was a racist, misogynist pig with no idea of running a country experiencing economic woes.
Yes, I will go to hell for feeling that way. Unfortunately, that's how our system is designed. When you have an oligarchy, where the wealthy get socialism and the poor get capitalism, only when your wallets are impacted will a difference be made. I believe in capitalism to a point. I want it to be fair and compassionate, but it may not be possible, as the nature of capitalism is greed and profit over people.
My best friend and I are both Master-degree educated, with a mortgage-like student debt. We both said..."This recession would hurt us if we had any money."
Hopefully, if a recession does come, it will cause a rock-bottom reality where we have to change for the better.
My husband and I are seniors -- not wealthy, live honestly, modestly, worked hard our entire lives. I am bone-weary exhausted -- partly from my aging body, ongoing health issues, the stress of living under this regime, and now most likely a recession. Although I knew this was coming, it is still difficult to face. We'll just have to reassess everything, be grateful for what we have, and make the best of it.
@codyroo the inverted bond yields make me think of the sub prime mortgage CDOs when the value of these were higher than the value of the mortgage market.
Deetoo,
Same aging boat that has been patched and repaired repeatedly, but as they say "hope floats" so I guess that's the old, new, and eternal name fior my boat.
And yes, there is one shared oar slightiy broken oar, but hubby and I are rowing together and we have tried as hard as we could to provide second hand life vests for the kids and grandkids.
We grew up hearing about the great recession everytime we made ourselves a butter or mayonnaise or ketchup sandwich, we were happy to have that aging but still soft white bread to put it on.
To this day, we remember our childhoods fondly and shared that story with all of our own kids.
When Jeanne and others warned us years ago of these hard times coming, i shopped sales and stocked shelves in the garage with canned goods and bottled water for emergencies. Now, we've already used up half of those and it makes me laugh.
Those aren't the hardest things about hard times at all.
As long as we're all here, all together, families loving, sharing and caring fir each other, I know we can get through even the hardest times.
Here, we are a bigger, different kind of family but one none the less. We will keep one another going, reach out with open hearts and helping hands when we can, and just as in 2008, when we had no work and no social services help,we still got through it with even tighter belts and a sense of compassion for those even worse off than we were because they didn't have our experiences, our fortitude, our small savings of $10 or $20 a month for all our lives or our sense of thriftiness much less hope.
Hang in there everybody, we are stronger and better off in so many challenging ways than we think and we were really and truly made for these times and we will get through whatever we have to for ourselves and those we love.
Love all of you, guys ?
- Per CNN: The Dow fell 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.
First thought housing bubble is about to explode again. I am sure the banks have relaxed there borrowing requirements again. I have been seeing house around my neighborhood up for sale and less then a month they are under contract. Very speedy sales again.