The yield curve does not predict a recession, it causes it
An inverted curve has a simple meaning … IN THE MARKET'S OPINION, the funds rate is too high. Every day the curve is inverted, high rates are damaging the economy. Cumulate enough damage and we have a recession. So, the yield curve does not predict a recession, it causes it. pic.twitter.com/XnMmrRWbyI — Jim Bianco (@biancoresearch) … Read more