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Trump supporters freak out at Fox Business after it reports that a top ‘recession indicator’ is ‘flashing red’

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The inversion of the U.S. Treasury yield curve on Wednesday sparked fresh fears of a coming recession in the United States — and even President Donald Trump’s favorite business network reported on it.

An article by Fox Business’ Jonathan Garber features the headline “Recession indicator with perfect track record flashing red,” and it contains plenty of unwelcome news for the president as he prepares to head into a tough reelection fight.

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“The yield curve is blaring a recession warning,” Garber writes. “The spread between the U.S. 2-year and 10-year yields on Wednesday turned negative for the first time since 2007. Such a development has occurred ahead of each and every U.S. recession of the last 50 years, sometimes leading by as much as 24 months.”

The reason why this inversion is seen as a sign of a possible recession is that yields on ten-year bonds are usually higher than yields on two-year bonds because there is greater risk involved in investing in a long-term bond, which means investors in those bonds demand higher payouts than investors in short-term bonds.

So when the so-called yield curve inverts — that is, when ten-year bonds actually pay less than two-year bonds — it is seen as a sign that investors believe there are significant risks to the economy and are flooding their cash into safe harbors.

Needless to say, this news did not sit well with the Trump fans in Fox Business’s comments section.

“This is just ignorant fear mongering.This inverted yield curve DOES NOT have a perfect record in calling a recession,” wrote one user. “Although each recession has been preceded by an inverted curve, sometimes preceded by 2 years, not every yield curve inversion has been followed by a recession.”

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Another user, who goes by the name of “Kenndog,” accused Fox Business of “cherry picking” numbers — and then acknowledged that a recession could come anyway.

“The truth is that recessions come and go as a natural part of the economic cycle. Right now, we’re in a sweet spot that could last a generation,” the user wrote. “Or not.”

Other Trump fans, meanwhile, remained in total denial and argued a recession in 2020 would only help Trump win.

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“And this boys and girls is why we have President Trump,” one user wrote. “His anti-globalist methods are good for OUR country. Let the other countries get their own nationalist leader. Trump 2020….And Beyond!!!!!!”


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Maddow breaks down potential ‘direct financial connection’ between the Russian government and Donald Trump

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MSNBC anchor Rachel Maddow read bombshell excerpts from a new book set for release on Tuesday.

The host interviewed David Enrich, finance editor at The New York Times, about his forthcoming book Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction.

The host of "The Rachel Maddow Show" read excerpts from the book.

"There was no doubt that Deutsche Bank had extensive business dealings with Russia, and those dealings included acting as a conduit for dirty money to get out of Russia and into the western financial system," Enrich wrote.

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Trump said he ‘loved’ the fact that America is more divided than ever: ex-GOP congressman

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President Donald Trump bragged about increasing divisions in America during a White House meeting, a former Republican congressman explained on MSNBC on Monday.

Former Rep. David Jolly (R-FL) told host Joy Reid that "Donald Trump has intentionally tried to create the anxiety" that Americans are explaining.

"Garry Kasparov, the Russian freedom activist, has said the point of disinformation isn't to manipulate the truth, it's to exhaust your critical thinking," Jolly explained. "To exhaust your critical thinking, that's what we're experiencing as voters."

"I had a colleague that was in a meeting in the Roosevelt Room and he said he heard Trump say, 'Have you ever seen the nation so divided?' My colleagues and others said, 'No, we haven't.' Trump said, 'I love it that way.' This is the currency that he's peddling as political strategy, but it's not one we have to accept," Jolly explained.

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2020 Election

Bloomberg and Biden attack Sanders supporters’ ‘Trump-like’ tactics

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On Monday, The New York Times analyzed the state of the Democratic presidential primaries heading into the Nevada caucuses. One of the key new developments is a fresh volley of attacks on the behavior of supporters for Sen. Bernie Sanders (I-VT), which is being characterized as "Trump-like" by former Vice President Joe Biden and former New York City Mayor Michael Bloomberg.

"Former Mayor Michael R. Bloomberg’s presidential campaign, which has largely focused its attacks on President Trump, on Monday mounted a frontal offensive against one of his Democratic rivals for the first time, comparing Senator Bernie Sanders’s campaign tactics with those employed by the president," wrote Thomas Kaplan, Kate Conger, and Reid Epstein.

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