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RAGE Gauge: Americans Unhappy

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Rage Gauge 100Throughout July, Americans signaled that they’re feeling more risk. Gold prices pushed higher, people bought more guns, and most frighteningly, dissatisfaction with the country jumped from 69% to 82%. It’s obvious the current political campaign is having an effect on people’s moods, and rightly so. No matter who you’re voting for, no one can deny this has been one of the most divisive, scandal filled, and partisan elections in memory. The RAGE Gauge remains at High Risk.

But politics isn’t the only thing creating risk. Deutsche Bank reported recently that the U.S. has a 60% chance of entering recession in the next 12 months. The yield curve has been flattening, and as analysts from DB point out, that’s traditionally a sign that recession is imminent. Fortune reports on DB’s announcement here:

“This relentless flattening of the curve is worrisome,” the team of analysts led by Dominic Konstam wrote, referring to the graph that plots bonds of different maturities against their yields. “Given the historical tendency of a very flat or inverted yield curve to precede a U.S. recession, the odds of the next economic downturn are rising,”

The difference between long-term and short-term interest rates are also likely to get even tighter. Following the U.K.’s decision to leave the EU, investors have flocked to “safe havens” such as gold and sovereign bonds. The 10-year treasury note hit a record low of 1.375% on Tuesday, while the 30-year closed at 2.155%, another record low.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
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