This is your drive time prop 30 minutes jam patch with news of the day from the perspectives of truth, liberty and justice.

This is Monica Perez.

And I'm Brad Binkley.

Today's top story is the threat of recession, the volatility in the stock market.

Yesterday was a terrible day.

I think the Dow dropped 800 points and all the stories are now about the inverted

yield curve. So for regular listeners you might know that I started the week saying

they're all talking about China Trade Policy as being the reason

for the volatility, but I say it's this massive debt and the inverted yield curve, or at least those

are signals.

Now people are talking about it and maybe I just got lucky I don't know but what they but a couple of policy things I'm not even convinced there is a recession of but I think there are a couple of policy issues

that are being promoted by the story.

One is actually came out of mouth of Trump of course is that we should have lower interest rates that he's telling the Fed what to do from a political point of view.

And since interest rates are so low, I actually found my fourth story of the week about how the government is artificially

suppressing interest rates in this case it's Trump's actual dicktod or

a suggestion or mandate that condo purchases be further subsidized or interest rates suppressed on those.

So the problem of zero interest rate and the threats of recession at the same time as they

will justify increased deficit spending.

And in so doing, we will increase the debt and then at the same time if you have artificially

suppressed near zero interest rates, people won't really notice.

And as interest rates rise as the likelihood that that debt cannot be paid off or will be

inflated away makes interest rates rise then that will have a major major impact increasing our deficits.

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