It’s from the paywalled NYTimes, so I’m not linking:
On Wednesday, the decline left yields on 10-year bonds below those on two-year bonds, in what’s known as an inversion of the yield curve. The yield curve is the bond market’s most reliable indicator of a recession, having preceded every economic decline in the United States of the last 60 years.
Capitalism is always ebb and flow. It goes up, it goes down. We’ve been up for a better part of a decade. Now it’s time to go down.
I cancelled half of my subscriptions and I am not accepting any new goods for the online store.