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) February 2, 2020