Thread by @gtconway3d

This is such nonsense. When the yield curve inverts, talk about recession becomes the order of the day, no matter who is president.

https://twitter.com/dailycaller/status/1162476693463998469

It was that way in 2007, for example. You can find countless stories about the possibility of recession then. The people who said an inverted yield curve portended recession ... were right. Here’s one such story.

nytimes.com/2007/09/15/bus…

The notion that journalists or politicians can “tank” the economy by talking about the possibility of the economy tanking ... is beyond dumb. Companies and investors make economic decisions on the basis of economic reality.

So is the notion that a president can talk the country out of a possible recession merely by saying the possibility is “fake news.” A president who thinks that is delusional, unwell.

And to speculate about the effects of a possible recession on an upcoming election is an natural thing to do. Everybody does it. Happened a lot 12 years ago.

nytimes.com/2007/12/30/us/…

So it should go without saying that it’ll happen when a president runs for reelection, especially one who has launched a trade war that virtually all economists, regardless of political outlook, think could spur a downturn—as happened in the late 1920s.

forbes.com/sites/johnmaul…