The inverted yield curve and an ‘Alice in Wonderland’ economy
Yields on two- and 10-year Treasury notes inverted early Wednesday, a market phenomenon that indicates investors may have lost faith in the stability of the U.S. economy. This is the first time that the yield curve has inverted since June 2007, ahead of the Great Recession.
“I consider the inverted yield curve like a recession death grip that locks itself around the economy,” says economic reporter Damian Paletta. “The last nine recessions have been presaged by an inverted yield curve, which is why the stock market feels confident now that one will come after this one.” He says economic uncertainty is spreading around the world, too.
- Stock losses deepen as a key recession warning surfaces
- Trump delays some China tariffs to limit impact on holiday shopping
- Banks are paying people to borrow money. That’s alarming news for the global economy.
‘He feels like he was put there for a reason — to witness these things’
In 2014, the killing of Michael Brown in Ferguson, Mo., exposed deep divides over race and justice in the United States and sparked a national movement for police accountability.
Dorian Johnson provided the first witness account of what happened. That account — challenged by two law enforcement investigations and years of harassment — spawned the movement’s most powerful rallying cry: “Hands up, don’t shoot!”
Five years after Johnson all but vanished from the public eye, he sat down with reporter Wesley Lowery to give a full accounting of what he believes happened that day on Canfield Drive, including “new insight into his state of mind in the minutes and hours before the shooting itself,” Lowery says.
- Dorian Johnson, witness to the Ferguson shooting, sticks by his story
- It’s been 5 years since a police officer killed my son, Michael Brown. Nothing has changed.
- What we’ve learned about police shootings 5 years after Ferguson
A night at the Purple Patch
Like nearly everyone who has stumbled into the basement of the Purple Patch in the District, reporter Rebecca Tan, who had been hunting for Southeast Asian food, found the community around its beat-up piano.
“It’s not a complicated concept,” Tan says of the restaurant’s open-piano nights. “It’s a piano in a basement. But it brings a lot of people joy.”
Chris Mooney shows us where to see the future of climate change right now. Michael Kranish on President Trump’s relationship with his late alcoholic brother. And Timothy McLaughlin and Gerry Shih explain the clashes in Hong Kong.
Tuesday, August 13, 2019
Anu Narayanswamy crunches the numbers on small-dollar donations. Niha Masih and Joanna Slater explain the changes and turmoil in Kashmir. And Travis DeShong on what it takes to become the voice inside someone’s head.
Thursday, August 15, 2019