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In this latest issue of my weekly podcast, I discuss the track record for pre-recession "de-inversions"--since that's what the yield curve did briefly last week (de-invert, that is). We take a last look at the odds of a 0.25% or 0.50% cut by the Fed, to be announced on Wednesday. And we look at what the other recession indicators are saying. On the same days that the Fed is meeting, the 2020 Democratic candidates will be debating: What should we look for? Abroad, the big news is Boris Johnson taking over as Britain's Prime Minister, which he did with a bang. Get ready for a UK roller coaster ride over the next three months until Halloween (the Brexit deadline). Finally, the outlook really is darkening for Hong Kong. Is Xi about to intervene?

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