Remember the "inverted yield curve" last spring that spooked investors and delighted Democrats? The markets were alerted by a Duke Fuqua Business School professor, Campbell Harvey, who noticed longer-term T-bills were paying more than shorter-term T-bills. Turns out Treasury yields reached parity on October 10th and optimistically widened last Tuesday. Yes, and stock market indices hit all-time highs, unemployment is at record lows, and US-China trade ministries are barreling toward a deal. Sounds good, right?
About that Recession?
About that Recession?
About that Recession?
Remember the "inverted yield curve" last spring that spooked investors and delighted Democrats? The markets were alerted by a Duke Fuqua Business School professor, Campbell Harvey, who noticed longer-term T-bills were paying more than shorter-term T-bills. Turns out Treasury yields reached parity on October 10th and optimistically widened last Tuesday. Yes, and stock market indices hit all-time highs, unemployment is at record lows, and US-China trade ministries are barreling toward a deal. Sounds good, right?