Recession Talk Vanishes Because It’s Not True

Could it have been a dry run?

What was all over the news yesterday that you can’t find a single word about today? Dadadadada. What was that? Recession is it, Mr. Snerdley. As an employee you don’t win anything, but that’s exactly right.

The recession was all over the news yesterday. It was all anybody was talking about. It was panic city. It was pack-up-the-kids-and-go-to-New Zealand day. It was get-out-of-America. It was over. We had it. Finally, we’re going to get rid of Trump.

Now, not a word. And, in fact, if there is news about the economy today, it’s about how we are not going into a recession.

Shannon Bream last night had Janet Yellen on there, said, “We’re not going into a recession.” Fox News had Art Laffer on. “We’re not going into recession.”

So what the heck was yesterday all about?

Can you say blink? The ChiComs want to talk to Trump. Trump has responded by saying (imitating Trump), “You know it might be time to have a personal meeting with my really good friend Xi, Xi Jinping.” Janet Yellen says no recession. Hong Kong protesters continue to wave the American flag and sing the National Anthem in English.

So I’ll tell you what I think yesterday was. Are you ready? I think yesterday was a dry run. I think yesterday was a dry run for later on in the election season. I think they wanted to see how they could succeed, if they could succeed, in causing the bottom to fall out of Trump public opinion by claiming that Trump’s policies are destroying the United States economy.

They couldn’t stick with it for more than one day because it isn’t true, folks.

So I think it was a dry run. I think it was an attempt to see how it played, an attempt to see if they could do it, an attempt to see if they could affect pretty much blanket media coverage with the drop of a dime that we are in a recession or on the verge of a recession. So they’ve set it up. They didn’t say we’re in a recession. They said we’re on the verge. It’s just around the corner. They’re using the inverted yield curve, which, of course, nobody understands. And it’s even more difficult to try to explain to somebody what it is.

So that fits the bell as well. Come up with some economic calamity that nobody can possibly understand to explain why we’re going into recession.

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