Recession worries and the ‘yield curve inversion’: How and why to trust the sovereignty of God
The Daily Article
The Denison Forum
4.9 • 576 Ratings
🗓️ 16 August 2019
⏱️ 6 minutes
🧾️ Download transcript
Summary
THE DAILY ARTICLE FOR AUGUST 16, 2019
The threat of a recession is making global headlines. Today's podcast discusses some economic factors in the news and identifies three biblical facts that lead to God's peace today.
ABOUT THE DENISON FORUM
The Daily Article is a daily biblical commentary on the news of the day by Dr. Jim Denison.
If you would like to learn more about the Denison Forum, please visit DenisonForum.org. You can always email us at comments@denisonforum.org.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the Daily Article podcast, published by the Denison Forum for Culture-Changing Christians. |
| 0:07.8 | To receive the Daily article directly to your email inbox each weekday morning, visit thedailyarticle.com. |
| 0:14.7 | Now here's today's news, discerned differently. |
| 0:19.3 | The stock market fell more than 800 points Wednesday, the largest one-day drop of the year. |
| 0:25.6 | It rebounded somewhat yesterday to finish up nearly 100 points, but concerns about the global |
| 0:31.6 | economy persist. |
| 0:33.6 | The decline Wednesday was precipitated by a yield curve inversion that made headlines when it occurred for the first time since 2007. |
| 0:41.3 | What is this? Why does it matter? |
| 0:44.3 | The Washington Post explains that an inverted yield curve occurs when the interest rates on short-term bonds are higher than the interest rates paid by long-term bonds. In other words, |
| 0:56.0 | people are so worried about the near-term future that they are piling into safer long-term investments. |
| 1:02.5 | According to the Post, the yield curve has inverted before every U.S. recession since 1955, |
| 1:08.9 | suggesting to some investors that an economic downturn is coming. |
| 1:12.9 | The Federal Reserve Bank of San Francisco has also stated that the yield curve has a strikingly |
| 1:18.4 | accurate record for forecasting recessions. However, there are also strong reasons to believe |
| 1:23.9 | the economy will not go into a recession. The labor market is strong. The economy added |
| 1:29.8 | 164,000 jobs in July, as employers say this is a golden age to get a job or to ask for better |
| 1:37.7 | pay and benefits. One expert stated as recently as July 26th, I don't see any warning signs right now. It's hard to be |
| 1:45.8 | against the economy when the consumer is in such good shape. Another expert added, |
| 1:50.8 | I wouldn't forecast a recession just on the yield curve. I would want to see other signs that point to |
| 1:56.8 | that, but we're not seeing them right now. We may just be experiencing the challenges |
| 2:01.4 | typical of the stock market in August. Many economists think a recession, if and when it comes, |
| 2:07.6 | might be relatively mild since American households are in stronger financial shape than before |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Denison Forum, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Denison Forum and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.