In the history of modern finance, no single indicator has done a better job of predicting when the next global recession will start than when the Bank of Japan starts raising rates. Foolproof!
Yesterday, Powell insisted that the economy is neither overheating nor slowing. I couldn't disagree more. A sharply steepening yield curve after a deep inversion is, in my view, screaming recession ahead.
...I know someone would be very hopeful the US market comes crashing down this month and the months ahead....his presidential hope probably hinges on it and the way things are going, he probably needs it.
