Should you be bothered about the US inverted yield curve and what is it?
When the yield on a 10-year US Treasury Bond falls below three-month government debt it signifies a recession is on the way.
The gap between three month and ten-year yields has been negative before every American recession in the past 50 years according to the Financial Times.
The news comes as the troubled Deutsche Bank announced 18,000 job losses worldwide, which will affect its City of London operation where it employs 8,000 staff.
What should you do to prepare for a downturn in the economy? I’ll be going deeper into tips on surviving and thriving during a recession in part two of the podcast edition.
In my book, I talk about the wealthy who know how to preserve their ‘economy’ or what I call the ‘Uconomy’ and protect themselves whatever the outside economy is doing. They usually follow the ‘3 R’s of Money Management’, outlined in Part 3 on ‘How to Grow and Manage Your Money’. As I’ve said in previous podcasts, making money and keeping money are two different skills.
Read about money mindset in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook
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