That Crazy Inverted Yield Curve

John Hirschauer

Making the click-through worthwhile: the yield curve inverts amid drama on Wall Street; new developments in the Jeffrey Epstein saga; and, at long last, John Hickenlooper drops out of the Democratic primary.

Are We Heading towards A Recession?

The yield curve inverted yesterday, with yields on two-year bonds rising above yields on ten-year bonds for the first time since 2005. The inversion of the yield curve has been among the most reliable postwar predictors of a recession, though some analysts are attributing yesterday’s events to a confluence of global and seasonal variables that don’t necessarily portend a domestic economic decline. Still, the Dow Jones Industrial Average dropped over 800 points yesterday, reflecting market anxiety about the inverted yield curve; the Trump administration’s trade dispute with the Chinese and the threat of retaliatory tariffs; as well as fluctuations in global and domestic interest rates. The ever-acerbic President Trump weighed in on Twitter:

..Spread is way too much as other countries say THANK YOU to clueless Jay ... Read More

Top Stories

A Movie Star with Down Syndrome

Kyle Smith

As its mismatched pals splash through the tidelands, the film fairly glows with local color and oddball characters.

Luis Buñuel’s Political Films Defy Categorization

Armond White

No conventional portrayal of Buñuel’s political life could offer the same complexity as this cartoon, which balances his vanity and his empathy. Simó appreciates how art and politics mix in film culture and that tough-minded Buñuel evaded easy categorization.

At Least Six Police Officers Shot in Philadelphia

Mairead McArdle

At least six police officers were shot Wednesday afternoon in Philadelphia’s Nicetown-Tioga neighborhood, according to police.

Scottish Independence, Now?

Madeleine Kearns

Independence from the U.K. is the last thing Scotland needs.

‘Fredo’ Is Not an Ethnic Slur

William Z. Nardi

Chris Cuomo is talking nonsense.

A Brief History of Election Meddling

Andrew C. McCarthy

The Democrats couldn't pin any Russian collusion on Trump's campaign, but they've done plenty of colluding with foreign governments themselves.

The German–Soviet Non-Aggression Pact: A Bad Deal, 80 Years Ago

Victor Davis Hanson

The August 1939 pact ensured the German attack against Great Britain and Western Europe. It also convinced Hitler that Russia was vulnerable, gullible and appeasing, and could be overrun in weeks following an invasion.

Republicans Condemn Steve King for ‘Offensive’ Rape and Incest Comments

Mairead McArdle

King's remarks precipitated swift condemnation from Democrats as well as members of his own party, who called the comments "appalling."

WHAT NR IS READING

Ball of Collusion: The Plot to Rig an Election and Destroy a Presidency

Andrew C. McCarthy

“If you want to become conversant in every aspect of this [Russiagate] hoax that matters, if you want to be the one in your family that has the answers to any question about this, then this book is a must. Not only that, it is fun to read it... It blows this thing to smithereens.”

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