Kellyanne Conway Invokes Sesame Street To Ridicule The Media Over Recession Fears
While answering questions about protests in Hong Kong, mass shootings and the economy, Conway bristled at recent coverage of the country’s economy, and reporting on the possibility of a recession. The inversion of the Treasury bond yield curve, a signal that has preceded every recession since 1955, generated much of the recent concern about a coming economic downturn. Longer-term bonds typically offer investors better yields than shorter ones because they carry greater risk, but when investors fear a recession, they flock to longer-term bonds, driving their yields downward....