Daily Videos on Economics and Freedom and weekly interviews with top analysts and amazing entrepreneurs.
My name's Peter St Onge. I'm a former professor, ex-bartender, and Austrian economist.
Every weekday I post videos going past the media filter to report what's actually happening to our economy and to our liberties, along with regular deep-dives on economic history like the Fall of Rome, Weimar hyperinflation, or FDR's Great Depression.
I'm active on X/Twitter as x.com/profstonge I write a free weekly newsletter at www.profstonge.com/ which supports this channel. And you can find all my projects at peterstonge.com
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2 years of yield curve inversion just corrected itself. Telling us what we already knew, that that the economy is going into a recession. Only question being how long before the Fed and Treasury fesses up to the Truth
Suggestion: Prof - would love to hear your thoughts on this: as printing resumes, what is the likelihood of other countries buying our bonds? If so which and why? The combination of turning on the printing press and not having buyers concerns me and could be a catalyst bad times.
It's a sinking ship folks and it makes no difference who's behind the wheel anymore. Politicians on both sides are just sucking the last drops of blood out of the economy b4 abandoning ship. Sorry to mix metaphors, but you get the point.
We've BEEN in a "recession." Using standards of yore, we're technically worse off than they were in the Great Depression... Why this isn't touted more often and much more loudly is beyond me.
Soc Sec and veterans benefits are NOT welfare, there are a DEBT earned, not a handout like all the handouts to so-called higher education where you are at the trough...get real...
All this crap is intentional. They don't want to fix or improve anything. A handful of insane oligarchs are acting out a mad plan to remake the world in accordance with their misfiring brain synapses. Amoral politicians in Western governments are going along as paid lackeys, selling the plan to weak-minded voters.
Next, mega inflation as the fed steps in with QE. I don’t see any way to avoid this, because the government will need to create money to pay its obligations. They will never cut spending, so here we go.
10 year minus 3 month is still inverted. Also, watching the yield curve this entire time I've seen the curve reinvert after looking like it was about to un-invert. I'm just doubting the exact timing of things. Obviously, interest rates being this elevated and real yields being this high for so long is like the tide at the beach going out, like all the way out.
I'm with you on this (the 3-month is the bogey), as is Dr. Cam Harvey, who discovered that Yield Curve Normalization signals recession. We may have some time before the impending doom that RU-vidrs are suggesting for clicks and views; it will take several Fed rate cuts to get the 3-month closer to the 10-year (130+ bps spread, right now). The media seems to like to use the 2-year because they can say "2s and 10s"; it rolls off the tongue a lot easier than "3-month and 10-year" 😆
As long as Janet and Jay are on the job keeping the world safe from financial bogymen, I sleep soundly at night. I am also content knowing that the Canada Goose population is under control by law abiding, environment-loving bands of 'New Commers' in places like Springfield, Ohio. Furthermore, I personally want to thank the current administration for assisting me in my getting closer to the WEF's goal of having nothing. I can't wait to be much happier than I am now.
There are no communists. Either democracies, or dictators. No countries actually practice communism. Freedom is the freedom for the rich and powerful to screw others.
They're ALL in bed together with each other. Trump selected Steve Mnuchin the former Goldman Sachs banker as secretary of treasury. I can't believe even Peter falls for the divide and conquer.
