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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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‘Can we get a refund?’ Trump flack Stephanie Grisham faces a landslide of mockery after her abrupt dismissal

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White House Press Secretary Stephanie Grisham is reportedly being relieved of her duties after having gone a full ten months on the job without holding a single press briefing.

Given that Grisham hauled in a salary of $183,000 despite never actually appearing before reporters to answer questions, some Americans are asking if we can get a "refund" for her purported services.

Others, meanwhile, are simply happy to see her leave despite having rarely, if ever, seen her talk in public.

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Trump’s history as a sketchy vitamin company pitchman might help explain his hydroxychloroquine obsession: report

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In an attempt to understand the myriad of reasons why Donald Trump has gone all-in on pushing hydroxychloroquine as the possible solution to the COVID-19 pandemic, the former spokesperson for the Republican National Committee noted that the president once was the owner of a sketchy vitamin company under the Trump brand.

Writing for the conservative Bulwark, Tim Miller posed the question: "Why is Trump obsessed with hydroxychloroquine?' by noting the president has become one of, if not its biggest, proponents.

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White House Press Secretary Stephanie Grisham leaves job after never once briefing the press

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White House Press Secretary Stephanie Grisham, who never once held a briefing, has reportedly lost her job.

CNN reported that Grisham is returning to the East Wing where she will serve as First Lady Melania Trump's spokesperson and chief of staff.

According to the report, White House Chief of Staff Mark Meadows is considering Trump campaign spokesperson Kayleigh McEnany to replace Grisham.

Former Freedom Caucus spokesperson Alyssa Farah was also said to be under consideration for the job.

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