Originally published at: https://peakprosperity.com/daily-digest/immigrants-terrorize-cities-eating-local-pets/
Economy
The yield curve, a historically significant economic indicator, has recently garnered attention due to its movements. Over the past 25 years, the yield curve has predicted four business-cycle recessions, though two did not materialize, indicating the need for cautious interpretation. Following a weak jobs report, yields dropped across most maturities except for the 30-year yield, which saw a slight increase. The most significant drops were in the 1-year and 2-year yields, suggesting anticipated rate cuts by the Federal Reserve, whose policy rates remain between 5.25% and 5.5%. The yield curve, typically upward-sloping, remains inverted at the short end with a notable sag in the middle. This inversion began in July 2022 due to the Fed’s rate hikes. Recently, the 2-year yield fell below the 10-year yield, causing a partial un-inversion of that segment, while the 3-month to 10-year segment remains steeply inverted. Historically, yield curve inversions have often preceded recessions, but false positives and external influences like the Fed’s quantitative easing and tightening programs complicate its predictive reliability.
Politics
In Springfield, Ohio, an influx of Haitian migrants has reportedly led to a housing crisis and social tensions. The city, with a population of 60,000, has seen an estimated 20,000 Haitian migrants arrive, straining local resources. Reports from residents describe incidents of migrants eating local wildlife and pets, though some claims have been refuted as fear-mongering. Tensions escalated following a school bus crash caused by an illegal immigrant from Haiti, resulting in the death of an 11-year-old boy and injuries to 20 other students. City officials, including city manager Bryan Heck, have appealed for more federal funding to address the crisis, highlighting the strain on housing and community resources.
In other political news, a recent article discusses the unpredictability of events such as Joe Biden’s health and Donald Trump’s potential return to power. The concept of a “rules-based international order” is highlighted, with some sources suggesting that major institutions aim to keep populist candidates from disrupting global alliances and markets. The 2016 election, where Trump’s unexpected victory led to efforts to discredit him, is cited as an example of the risks of having a president who might challenge established international agreements. The role of media and censorship in shaping public perception and controlling narratives is also explored, with discussions on the challenges of maintaining scientific integrity in the face of political and social pressures.
Sources
Yield Curve’s Mixed Signals: Partial Un-Inversion and Recession Predictions
Over the past 25 years, the yield curve predicted 4 business-cycle recessions, two of which didn’t come. So we handle it with care.
Source | Submitted by rhollenb
Springfield, Ohio Overwhelmed by 20,000 Haitian Migrants: Residents Plead for Help Amid Wildlife Crisis
“Can’t Take It Anymore”: Residents Of Springfield Ohio Beg For Help After 20,000 Haitians Overwhelm City, Eat Local Wildlife
Source | Submitted by AaronMcKeon
Armed Migrant Gangs Threaten America’s Top Oil Field Amid Rising Security Concerns
Armed illegal alien gangs are now posing a threat to critical energy infrastructure in the Permian Basin.
Source | Submitted by Walberga
Fact Check: Viral Claim About New Migrant Processing Facilities Under Kamala Harris Administration Debunked
“The Kamala Harris Administration is Having 3 New MEGA Illegal Migrants Processing Facilities Built Each will process estimates of up to 15,000 migrants PER DAY into the United States”
Source | Submitted by bcoop
Ohio Town in Turmoil: 20,000 Haitian Migrants Blamed for Chaos and Pet Attacks
As 20,000 non-citizen Haitians destroy a town in Ohio and reportedly kill and eat peoples pets, here is Border Czar Kamala Harris bragging about allowing them to flood into our country: “We extended Temporary Protected Status to over 100,000 Haitian Migrants…They need support”
Source | Submitted by AaronMcKeon
Leaked US Army Docs Reveal Venezuelan Gang’s Violent Spread Across America
“O’Keefe Media Group has obtained Controlled Unclassified Information (CUI) from the US Army of the North Division, highlighting the growing presence of one of Venezuela’s largest criminal organizations in the US.”
Source | Submitted by AaronMcKeon
The Illusion of Democracy: How the International Order Shapes U.S. Elections
“So what you’re trying to do from the point of view, let’s take it from the point of view of, let’s say, the State Department, the intelligence community, the Defense Department, and major corporations that have to do with international issues from arms trade to, oh, I don’t know, food. They have a series of agreements that are fragile and could be overturned if a president entered the Oval Office who didn’t agree with them.”
Source | Submitted by rhollenb