5-year vs. 3-month spread now inverted for exactly 101 days! Full quarter inversions have never failed in predicting recessions.

via @TaviCosta:

5-year vs. 3-month spread now inverted for exactly 101 days!

Full quarter inversions have never failed in predicting recessions.

Dr. Campbell Harvey was first to hypothesize, distortions as such typically lead to economic downturns within 12-18 months.

 

 

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