By most estimates’ consumer spending drives more than 70% of the US Economy. This makes the Walt Disney World Resort in Orlando, FL, an excellent barometer of what’s going on with the consumer and implications for US GDP.
Historically an inversion of the yield curve has preceded a recession by about 12 months. So, what is a yield curve? Why does it predict a recession?
Throughout the stages of our lives, we have to make a lot of financial decisions, and our emotions influence every financial decision we make. We may like to think that logic and reason rule where money is concerned, but people’s actions say otherwise. The emotions that most often influence our financial decisions are Fear, Greed. Love and Envy.