Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
Coming Recession Driving Trump's Economist To Drink On The Job?
Posted
August 31, 2019
Views
60,626
Likes
1,469
Comments
241
Engagement
2.82%
August 31, 2019
60,626
1,469
241
2.82%
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14:21Now PlayingIn this Majority Report clip, Larry Kudlow is having problems.
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"President Donald Trump said Sunday he doesn’t see a recession on the horizon after a volatile week for markets.
“I don’t think we’re having a recession,” Trump told reporters. “We’re doing tremendously well. Our consumers are rich. I gave a tremendous tax cut and they’re loaded up with money.”
The bond market flashed a signal Wednesday that is normally interpreted as a sign a recession is on the horizon. The yield on the 10-year Treasury note briefly broke below the rate for the 2-year. The Dow Jones Industrial Average dropped 800 points or about 3% as the bond market spooked investors."*
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