The Father of the Yield Curve is warning Americans to batten down the hatches and prepare for recession.
Duke University professor Campbell Harvey says the bond yield curve is “flashing code red” for a recession.
The yield for the 3-month Treasury has been above the 10-year since May, a condition known as an inverted yield curve that has predicted the past seven recessions.
Harvey encourages investors, business executives and consumers to prepare now.
How does one prep for a sharp economic downturn? Should one collect evidence against his employer to blackmail him/her in the event of a firing? If one were to gather some strong evidence, one could certainly protect one’s job against termination.
What does it mean to be in recession?
I bet you millennial and zoomer retards haven’t the slightest idea what it would entail. Well imagine a world that behaved like Bitcoin in 2018, or perhaps an avocado toast that has already browned and gone bad. Would you eat said toast? Probably not. Or how about a pineapple that looks nice on the outside, but after cutting into it you find out the pineapple is in fact bad. This is a recession, small people of the internets.
Then you get the panics, people freaking out that the recession can turn into something worse and dreadful — a depression. During a depression there aren’t any avocados left in the store, because the dust bowls wiped out the crop. The only White Claw flavor left is grapefruit and the pineapples are only in canned form. As a matter of fact, during a depression, organic foods will become extinct and beef will be laden, mind you, with harmful chemicals — as ranchers “treat” the meat to last longer. The halcyon days of grass fed beef would be nothing short of a wistful memory of better days.
Markets will descend into the pits of hell, festooned with margin calls and financial advisors overseeing their businesses destroyed from the fires.
The way we would extricate ourselves from said depression would be war. The blood of the many will be used to nourish the tree of capitalism, paving the way for a new era of crony capitalism and grift.
In short, prepare young lads, prepare for the worst of times.If you enjoy the content at iBankCoin, please follow us on Twitter