September 17, 2023
by Michael
Moreover, the yield curve sometimes inverts long before a contraction. In July 2006, the 10-year yield started holding consistently below the 3-month rate, but the downturn didn’t start until December 2007.
It appears that something similar is happening now.
A very painful storm is going to hit our economy.
It is just going to take some time to fully play out.
Other numbers are telling us the exact same thing.
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