Commentary Many believe that by year-end the United States will be in a recession. On March 31 both the 2-year and 10-year Treasury yields inverted, which is typically a signal that a recession looms ahead. While an inverted Treasury yield certainly creates a large ripple effect amongst economy watchers, the vast amount of money printed over the past two years is actually far worse than an inverted yield curve. Furthermore, a number of S&P 500 stocks just concluded their worst quarter ever, and technology stocks lost close to $2 trillion in market valuation. The mix of COVID-19 related stimulus and an increase in the money supply have sent a shock to the United States economy. Inflation alone stifles growth, but with rising commodity prices, supply and demand problems, and the Russian-Ukrainian war, you have the potential for a proper disaster on your hands, let alone a recession. Inflation is already …
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