Matt Phillips, The NY Times, does an excellent job explaining the yield curve and it’s importance as a predictor of recessions, here…
”…if you’re in the business of making economic predictions, it has become very difficult to disregard an important signal from the bond market.
The so-called yield curve is perilously close to predicting a recession — something it has done before with surprising accuracy — and it’s become a big topic on Wall Street.”
There is more here…
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