The world economy runs on what happens in the U.S. economy. That has potential to affect the outlook for every revolutionary country on earth.

At the center of this phenomenon is Alan Greenspan, who yesterday hiked interest rates yet again. He’s hiked and he’s hiked – ten times in the past ten quarters. It’s flattening and inverting the yield curve. And an inverted yield curve NO MATTER HOW MANY TIMES THEY TELL YOU THIS TIME IT’S DIFFERENT – is always a harbinger of recession. It was last time, the time before, and the time before that. Despite what ‘experts’ claimed about it being different. Well, it wasn’t different and it’s never been different.

If Alan Greenspan keeps hiking rates, we are going to get a recession. This will have an impact on oil prices, and on how tyrants act once economic strain sets in. It affects how our enemies assess us and how they repress their own people. Larry Kudlow, who gets it, writes a critically important piece about the most important story of our day – the flattening of the yield curve of the two-to-ten-year bond spread and unfavorable trends in commodity prices. Don’t worry, it’s not hard, Larry explains it out in language a baby can understand. Read it here.

Hat tip: Club for Growth