When Republicans Stop Believing

A recession would mean the president's lies no longer work.

Donald Trump is concerned about the economy turning sour before the election. He should be. Very. Ten-year Treasury bonds are now yielding less than two-year bonds. That doesn’t happen in good times when 10-year T-notes are yielding more. This “inverted yield curve,” as it’s called, means what should be right-side up is upside down. When that happens, a…