Trump Names Conservative Commentator Stephen Moore For Fed Post : NPR
Economy
Why is an inverted yield curve bad? It’s a potential recession signal
What’s up (or down) with the yield curve? | FRED Blog
"For as long as we can remember, the most popular series in FRED has been the consumer price index (CPI). Well, not anymore. Recently, the series describing the difference between the 10-year and 2-year Treasury constant maturity rates became the most popular. Why this sudden interest? It has to do with the concept of the yield curve: Under normal circumstances, long-term interest rates are higher than short-term interest rates (when annualized), principally because the long term is usually perceived as riskier and so long-term debt demands a higher return. Again, normally, if you plot the interest rates at different maturities, you get an upward-sloping (yield) curve. But if for some reason the short term becomes unusually risky, the curve (or portions of it) may become downward sloping. And why is that important? The graph makes it clear that this kind of yield curve inversion has been associated with impending recessions."
U.S. Treasury Yield Curve Inverts for First Time Since 2007 – Bloomberg
"The Treasury yield curve inverted for the first time since the last crisis Friday, triggering the first reliable market signal of an impending recession and rate-cutting cycle. The gap between the three-month and 10-year yields vanished as a surge of buying pushed the latter to a 14-month low of 2.416 percent. Inversion is considered a reliable harbinger of recession in the U.S., within roughly the next 18 months."
Why Do Some Poor People Vote Against their Interests? | Psychology Today UK
Nice not caring
There are definate advantages to being in part of your life when you’re only real concern about your community is that you are making money 💵 and saving for a better tomorrow.🌏
You don’t have to care or stay up late, worrying about the future 🔮 of your community because as far as you are concerned there is no real future here. Any draconian law or indignity is only a temporary chapter in your life, something to put up with as you earn more money. 💰
When your values don’t have to matter, you can look the other way and keep focused on your future. 😍 It really is a path towards nirvana.
The Road Map To Financial Independence Podcast
As somebody who isn't into consumerism and doesn't have internet at home and wants eventually live off grid in the country and have lots of fires, I've been very interested in the FIRE movement. Now I'm not going to retire anytime soon but I can really appreciate the value of saving and investing every paycheck. Money grows slowly but if you put a little away each week in low cost investments it grows over time. Debt is evil.