From Birch Gold Group
Do you remember the 2-year / 10-year yield curve? You know, the one the Fed swept under the rug in 2018? The one that officially inverted last year?
Well, that same yield curve inversion preceded every major recession for the last 50 years. Last year’s inversion appears to be right on target for preceding another recession, barring a near-term turnaround.
For the last 3 weeks, the Dow has been whipsawing severely. On March 15, Federal Reserve Chair Jerome Powell decided to intervene. Reporting on the Fed intervention, CNBC explained:
Continue reading “Fed Fires Most of Its Bullets in Attempt to Curb Market Panic”
