Topic: Bond Yields

The hosts characterize the conflict as a necessary "liquidity event" for the military-industrial complex and the global financial system. They note that the war provides a justification for massive money printing and government spending at a time when funding for Ukraine was facing congressional hurdles. They point out the convenience of the current lack of a statutory debt ceiling in the United States.

The U.S. Treasury yield curve inverted as the five-year yield topped the 30-year yield, a technical signal often preceding a recession. Analysts suggest that traditional economic indicators may be less reliable now due to massive government intervention and the transition to new financial accounting systems.