Outlook Group: Recession Mongers and Year Y

outlook group: This comes a day after recession mongers leapt on the spread between the 10-year TMUBMUSD10Y, 2.09% and the 2-year Treasury note yield TMUBMUSD02Y, -0.89%, which briefly inverted Wednesday, according to Market Watch. For those of you who missed the significance of that move, it's a recessionary red flag that has predicted some past downturns. That's our call of the day's message, from The Economic Outlook Group's chief global economist Bernard Baumohl, who says rising expectations of a global downturn are becoming a little nutty. Stocks wasted no time in adding to August's losses. It's the extent to which American consumers will offset the damage done by policies that impede world trade and reverse globalization, he told clients in a note. Back to Baumohl's argument, who suggests looking past that argument The key determinant that will shape the path of the economy this time won't be the yield curve or the direction of the fed-funds rate. (news.financializer.com). As reported in the news.