There has been considerable press this past week about inversion and what it means for the possibility or likelihood of the economy going into recession. Many market pundits and investment gurus chimed the alarm when 10-year yields fell below 3-month yields. Inversion! Inversion!
Reminds me of Chicken Little. As is oft the case, one can find a specific statistic to give substance to one’s belief. But, is it the right statistic, or is it just convenient to enforce one’s own opinion?
You can access this week’s full report on the spread of the 10-year/2-year yield curve here … … RB_032919
