50 years ago, Vietnam was the site of a deadly civil war between communists and capitalists. Today, its economy is booming, it has successfully contained the coronavirus, and many economists look to it as the next Asian Tiger.
Uzbekistan, a Central Asian country of 30 million that is perhaps best known for being within the same general vicinity of Kazakhstan of Borat fame, has as of late been enjoying a fruit export bonanza, even as the overall global economy experiences its worst economic decline since the Great Depression.
You may have heard from your friends in Gabelli or those majoring in economics talking about the “yield curve inversion,” and perhaps simultaneously panicking about their Robinhood or E*Trade accounts. So, the question you are surely asking is “what exactly is the yield curve?” A yield curve is often used by economists and investors as an indication of where the economy is heading. It is associated with a financial instrument known as Treasury bonds.
Come this July the current economic expansion will be the longest recorded in modern American economic history. Our current expansionary period began in the aftermath of the 2007 – 2009 Great Recession and although it’s been slow growth economic growth wise in relation to previous expansions, it has still delivered mild gains for the American Middle and Working classes; but with most gains going to the wealthiest Americans.