Fox & Friends calls recession indicators a media conspiracy to stop Trump's re-election

Fox & Friends host Ainsley Earhardt: “It's so obvious what they're doing! They do not want him to win again and they don't like that the economy is doing well, apparently”

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Citation From the August 19 edition of Fox News' Fox & Friends

AINSLEY EARHARDT (CO-HOST): Charles, I'm watching this and I'm like, it's so obvious what they're doing!' They do not want him to win again. And they don't like that the economy's doing well, apparently.

CHARLES PAYNE (FOX BUSINESS HOST): The CEO of Bank of America put it the best. Brian Moynihan said the only fear of recession we have is fear of recession. In other words, the only thing that can happen in this country right now that can derail this economic juggernaut is if everyone believes it's going to be derailed. And I hate to say it, but to the degree the media almost did that in December. And I think some people do it deliberately. Listen, there is no economic data out there that suggests we are on the cusp of a recession.

STEVE DOOCY (CO-HOST): Well, they have suggested the inverted yield curve where you got more money on the short-term bond than the long-term bond.

PAYNE: The two- and 10-year yield inverted for 24 hours. The spread since then has gotten wider. It's got to be longer than 24 hours. 


PAYNE: The bottom line is, is there seems to be a deliberate attempt by many people to make this economy go into recession.

DOOCY: You mean talk it down. 

PAYNE: Talk it down. 


GRIFF JENKINS (FOX NEWS CORRESPONDENT): What's the difference though, because, again, Steve mentioned the inverted yield curve, which no one seems to know unless you are an economist, right, but as I understand it it's different when it was a marker during high inflation vs. low inflation. Why does that matter?

PAYNE: A lot of things are different right now. This is the first time in history that governments around the world are borrowing money and you have to pay them to hold your money. In other words, if I'm Germany and you give Germany 10 bucks, in 10 years, 30 years, they will give you back $9.50. You know, I'm exaggerating, but I'm trying to make the point. It's odd. You've never heard that before. So, what happens is, when that's the case, guess where you go? You go to a country like America that's actually paying a yield. So billions if not trillions of dollars are pouring into our bonds. That's driving the yield down. This is where the inversion comes from. It's amazing -- $16 trillion dollars and a negative yield around the world. That money wants to find a place where they can get some return -- not to have to pay you for holding the money.