Friday, May 17, 2024

 

40,000! RECORD HIGH $$$

 

The "Dow", a classic index of the value of stocks, closed above the magic number 40,000 today for the first time ever in history.


Toward the end of Trump's term in office, the Yield Curve inverted.  That is usually a sign of a recession that is likely to follow (see below).

However, despite many fears and "predictions" of gloom, with numerous measures that stimulated the economy the Biden administration not only avoided a recession, but great growth seems strongly under way.

The economy is strong. And improving. 


ON THE YIELD CURVE INVERSION UNDER TRUMP - CNBC

https://www.cnbc.com/2019/08/23/us-bonds-treasury-yields-rise-as-investors-await-clues-from-powell-speech.html




Labels: , , , ,


Comments: Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?

TWITTER UPDATES:

    follow me on Twitter


    QPORIT --
    Quick PREVIEWS Of Random Interesting Things

     
    (c) Copyright 2005-2009 Eric H. Roffman
    All rights reserved