How the hell can we call a recession developing be called a black swan event when LEIs have been negative and we have had an inverted yield curve for quite awhile!!!

Sven Henrich The US economy now has:

1) SLOWING GDP GROWTH AT 1.3% IN Q1
2) MEDIAN HOME PRICES AT ALL-TIME HIGH OF $434K
3) 37 MONTHS OF INFLATION ABOVE 3%
4) $2 trillion deficits
5) $34.6 trillion NATIONAL DEBT - record
6) 600k full-time jobs lost in the last 12 mths
globalmarketsinvestor.xyz/p/the-us-labor…

x.com/i/article/1770…

In case you don't recognize him, this is Andrew Weissmann, most famous as the 'pit bull' prosecutor of the Robert Mueller Trump-Russia special counsel investigation.

🇺🇸Pros and Cons of Today’s 7-Year UST Note Sale

Good to Note:

✅ Auction size is notably smaller than yesterday's 2- and 5-year sales.

✅ 7-year yields are up 15bps from Friday’s close, potentially pricing at the highest auction yield on record.

The Biden administration says greed is causing high prices. I wouldn’t accept that answer from a third-grader. It’s big government spending fueling inflation and hurting Americans. It has to end.

Despite #data suggesting consumers and businesses are becoming more cautious on #spending outlooks, #economists keep upgrading their spending expectations for the year.

The most important knowledge that we learned is that David Morens, 20-year assistant to Fauci, was purposely evading FOIA, which is the law. More than that, he was also destroying evidence. foxnews.com/politics/fauci…

Monthly supply of new homes continues to rise sharply ... now at highest since November 2022

For all the talk about using government for political purposes…

✅ “cancel” billions of student loans
✅”release” millions of gallons of oil that was for emergencies
✅support open borders
✅withhold arms to Israel

Biden releasing 1 million barrels of gasoline from Northeast

Another Massive Revision, This Time Durable Goods, What’s Going On

Richard Field jim iuorio Tuomas Malinen QE Infinity

The Commerce Dept revised March durable goods orders from +2.6% to +0.8%. 👇

mishtalk.com/economics/anot…

I taught evidence as an adjunct professor at Georgetown and there are rulings Mershan made that I would fail him for.

The bravest woman in America. Read Julie Kelly 🇺🇸

Kristen Welker claimed NBC News “covered” the Hunter Biden laptop in 2020 on Meet the Press

But in fact their “coverage” was dismissing it as part of a broader disinformation plot

foxnews.com/media/kristen-…

Obama defies the Constitution and seeks a third term, using as his front man the senile and corrupt meat puppet Joe Biden. Read “The Man Behind the Curtain” superbly written by Chicago businessman James Banakis for johnkassnews.com johnkassnews.com/the-man-behind…

🇺🇸20y UST auction shows a clear drop in demand, despite bidders are happy to take on the notes at current yield levels

✅0.2bp stop through

❌bid-to-cover drops to 2.51 the lowest since Feb, and the second lowest since October ‘22

-HY 4.635%
-Indirect 70.8% lowest since Feb

Joe Biden VIOLATED Separation of Powers AGAIN with his student loan bailout.

The Supreme Court told him NO.
The Congress has NOT voted on this.
But he does it anyway.

This is an impeachable offense & this is a disastrous decision for our nation. We NEED fiscal responsibility.

AI appears to me to be a horse race with no finish line (clear objective). The whole storyline’s objective is to pump the sales and stock of a few companies, that it is accomplishing. Corporate America is mindless.

Illegality and enforcement of laws are very different things. Just ask the 15 million illegal immigrants Biden has brought in.

Historically, the yield curve inverts 6 to 17 months BEFORE a recession starts and the Kantro signal comes 0 to 7 months AFTER it starts. Having both now, the recession is indicated to have started in the intersection of the shaded ranges. TBH I'd like to see a bit more data.