Of maniacs who invest in the stock market nasdaq, declined. 22 , you got to remember that rising bond yields like we got today and much of this past week, make investors feel more confident about the economy. When you see the yield in the benchmark moving higher, it makes you feel like we can avoid a recession. Regular viewers know i think the fears about recession are overblown. If anything, we have had a mild slow down. We could reaccelerate if the Federal Reserve keeps its strategy of cutting rates. Why didnt i buy the argument the recession, because their whole thesis was about the bond market itself. Remember the inverted yield curve when long rates went before short rates, they told us that was an infallible sign of slow down. I thought it was a false tale. I told you that. Treasury yields, our rates are so much higher than the rest of the developed world. You had tons of foreign money flooding our bond market pushing prices up and yields down. Now the smoke is cleared, and its f