In the past, the yield curve inversion has been a pretty good indicator of a recession. Jim Iuorio joins and explains, technically (but simply) why this time is different. Jim says there isn't much to be scared about -- except other people being scared. Eventually a recession will come, but Jim says right now, the economy is broadly in good shape. He shares his concerns, and what he's watching coming over the horizon. There might be some bumps in the market as the economy shifts into a new gear.
Dan Mahaffee joins to talk what's going on in DC. The talk in DC begins with the Southern Border. Dan breaks down the forces for migration. It's different from the economic migration of decades past as Central American families flee violence. There are short-term and long-term issues, and all have economic, political, and humanitarian impacts. In the White House, the President has shifted again on healthcare, and on the Hill, the GOP has collective sigh of relief.
Michael closes with his outlook on the world -- we are climbing a wall of worry, and that's not a bad place to be.
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