Translation: “Depression Incoming”

by BoatSurfer600

Inflation could be headed for a big drop, and prices could cool significantly without the US having to deal with a recession, according to Bank of America.

Strategists pointed to the inverted 2-year and 10-year Treasury yield curve, the bond market’s notorious recession gauge that has successfully predicted numerous downturns, most recently in 1990, 2001, and 2008. When short-term yields rise above those of longer-term bonds, it has historically signaled investors believe a downturn is coming.

The difference between the yields on the 2-year and the 10-year Treasury just steepened to a full percentage point last week, marking the steepest inversion in over 40 years.

Source: https://markets.businessinsider.com/news/stocks/recession-us-economy-inflation-outlook-fed-rates-bank-of-america-2023-6

The Los Angeles Metro train system is suffering a wave of Third World-style copper cable theft that has disrupted service as criminals seek to strip the metal from the transportation network and sell it on the scrap market.

Source: https://www.breitbart.com/politics/2023/07/02/los-angeles-metro-suffers-third-world-style-wave-of-copper-wire-theft/

Costco, $COST, is now asking to see photo identification along with customers’ membership cards at its self-checkout registers

— unusual_whales (@unusual_whales) July 3, 2023