Americans are already struggling to feed their families and pay their bills, but having predicted every US recession since 1960, the steepening bond yield curve is speaking loud and clear that an “official” downturn is nearly inevitable. With bond prices on the rise as the Fed looks increasingly likely to cut rates in September, the yields are going down and the inverted curve is finally leveling out after an epic two-year inversion.

And with stocks now crashing around the world, global uncertainty is rocketing upward in a “Black Monday” event, especially as dizzyingly volatile Japan struggles to contain its post-ZIRP doom loop. In other words, the storm may be arriving in earnest.

https://www.zerohedge.com/markets/japan-mixed-batter-fed-will-bake-cake