In 2005 it is when the last time the bond markets inverted like this but the recession didn't begin until 2007. What this will tend to do is to spook less knowledgeable investors out of the market. And this could make the market even more volatile because day traders might drive the market in some ways so it could be everywhere: up, down and sideways. So, only the most steel nerved investors who can live without their investments for up to 10 years time likely would stay in the markets worldwide if it goes this way.
In other words people who need their investments to live would get out of the market which in some ways will destabilize the markets even more than they are already worldwide. So, get ready for a very very rough ride during the next 2 years.
But, on top of the problems we had during the Great Recession we have to add to these problems a Trade War which is going to squirrel everything out so even knowledgeable traders won't know where to turn either in this one.
This is why within 2 to 5 years caused by Trump's chaos the likely result would be a worldwide great depression starting with a bad recession within 2 years time and maybe a worldwide great depression (especially if Trump is still in office) within 5 years time.
Trump is the next Herbert Hoover whose ideas caused the great Depression by the way. They both are businessmen who thought they knew everything about business. The problem is: The U.S. government is not a business at all. It is something else entirely. It is thousands of other things but not a business. It is a system of government and not a business.
If you look at China's Government it is both a business and a Government but that is the only government like that completely on earth right now. The Chinese state is a business that competes unfairly with the rest of the worlds businesses and governments.
To China "Business is War".
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