Steve Cortes Warns Inverted Yield Curve Shows Deep Biden Recession Around the Corner

Over the weekend the US bond yield curve inverted briefly for the first time in 16 years, since the Great Recession in 2008.

Markets Insider-MSN reported:

Part of the US bond yield curve briefly inverted for the first time since 2006 Monday, adding to fears that a recession could soon hit the country’s economy as the Federal Reserve hikes interest rates hard.

The yield on the 5-year Treasury note rose above the yield on the 30-year Treasury bond, an event that hasn’t happened for the last 16 years.

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Monday’s move added to chatter on Wall Street and in other financial centers that a recession may be on its way, given bond yield curve inversions have historically foreshadowed sharp economic slowdowns in the US.

Steve Cortes warned The War Room audience that there was a US recession every timt the rate yield curves inverted since 1955. Every time except one!

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