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There’s a lot of chatter about the inversion of the yield curve and how it’s an indicator of an impending recession.
An inversion is when the short-term rates are higher than the long-term rates.
Is an inversion a predictor of a recession? In general, an inversion is a good predictor of lower growth and a subsequent recession.
The perks we get for housing with the loan etc do not translate to the average person.
Don't trust crypto as far as I can't throw it however.
originally posted by: lakenheath24
a reply to: strongfp
Ummm, you might want to educate yourself on federal school loans. They are given by the government and CANNOT be defaulted on.
That is over $1.5 trillion dollars of debt that has to be repaid no matter what. AS a matter of fact, one of the biggest debts by older people is them taking out loans for their grandkids.