Hello fellow rebel capitalists hope you're well.

So we just had something happen that only occurs when a recession,

if not economic depression, is imminent. As you know, on this channel we've been talking how it's almost inevitable once we get these yield curve inversions. But now, what

the market is telling us is that it is imminent. And really the experts the billionaires the hedge fund managers the guys on

Wall Street they really can't believe they're absolutely shocked at the price action in the yield curve.

So let's go right to Jeff Gunlock himself,

the Bond King talking about this. But I do think that one of the indicators that had not been single-in recession was the

yield curve was getting steeper and steeper.

And in all the past recessions going back for decades, the yield curve starts

de-inverting a few months before the recession comes.

And so since we were at peak conversion last week,

it was unlikely that we were going to go to recession even in the next four to six months. But at this point with the

de-inversion happening, the four to six month time window is starting to see much more plausible.

Okay, so let's stop it right there and let me explain exactly what he is saying.

Because this is what we all need to be paying attention to right now as we speak.

So Josh, let's go over to the chart, please, of the 10-year minus the two two year. So let's go ahead and make that bigger please so we can

see it. Okay, thank you. And I want to highlight right at the end what Josh is pointing out. This is the yield curve actually steepening.

So the delta between the two year and and the ten-year is decreasing.

Now what's important to recognize is that this always happens

right before we go into a recession.

But it always happens, because it can happen two different ways.

The yield curve can steepen by the 10-year Treasury moving up in relationship to the two-year or the two-year

...