Powell's favorite curve
A number of news sources reported in the lat 2 days that J Powell's favorite yield curve as a recession indicator is an inverted 3 month and 10 year.
These are now inverted and have only inverted 3 other times according to this data
Its virtually assured at this point that the US will enter a recession in the near future if we're not in one already.
I have more to say about this and in particular the timing of covid but if you want the tinfoil hat version you'll have to find me on the newsletter...
Good luck out there!
These are now inverted and have only inverted 3 other times according to this data
- Before the 2000 crash
- Before the Global Financial Crisis
- Before Covid lockdowns
Its virtually assured at this point that the US will enter a recession in the near future if we're not in one already.
I have more to say about this and in particular the timing of covid but if you want the tinfoil hat version you'll have to find me on the newsletter...
Good luck out there!
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