Loud & Clear

On today's episode of Loud & Clear, Brian Becker and John Kiriakou are joined by Dr. Jack Rasmus, a professor of economics at Saint Mary's College of California and author of “Central Bankers at the End of Their Ropes: Monetary Policy and the Coming Depression,” whose work is at www.jackrasmus.com. An economic indicator that has a perfect record of predicting a recession is blinking red. The spread between the 2-year and 10-year U.S. government bond yield today turned negative for the first time since 2007. This has occurred before every recession in the last 50 years. Meanwhile, US mortgage debt hit an all-time high, eclipsing the record set in 2008. Police arrested five anti-government protesters after clashes at Hong Kong’s international airport yesterday in which officers used batons and pepper spray and demonstrators beat two men from mainland China. Several dozen protesters remain inside the airport, and airport officials say they’ve received an injunction limiting the permitted demonstration areas