Think young people are hostile to capitalism now? Just wait for the next recession.
Though the panic that erupted during the summer months about a potential recession has cooled somewhat since, especially with the impeachment drama taking up most of our collective attention, signs of a looming economic downturn nevertheless remain. Job growth has slowed, levels of corporate and consumer debt have both reached all-time highs (surpassing levels last seen before the Great Recession), and the yield curve measuring the difference between 10-year and 3-month Treasury bond yields has been “inverted” for months. The economist Campbell Harvey, whose research showed that the inverted yield curve accurately predicted the last seven recessions, recently said that the indicator is “flashing code red.”
via theweek.com
I actually suspect and fear the worst. I hear the rumblings of an epic shitstorm. But whether this is considered judgment or just my unfortunate constituion, who knows.