The U.S. economy is growing at a fast clip, and the bull market is entering its ninth year. Some economists are starting worry over rising interest rates and a negative signal from the bond market called a flattening yield curve.
The yield curve—with one exception in 1966—has basically predicted every recession according to Natixis Chief Economist Joseph LaVorgna. If the curve inverts on October, 2018 then history would say a recession would occur between August 2019 and August 2020.
“Now it’s possible that this time is different and the curve might be sending a different signal because long rates are relatively low,” LaVorgna added.
In July, the U.S. economic growth rate hit 4.1 percent for the second quarter, its fastest pace in four years. And the stock market has set a record for the longest bull market in U.S. history.
Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.