Reframing the “Inverted Yield Curve”
With the record-long economic expansion now in its 11th year, a lot
of people want to talk about when it’s going to end. Almost daily,
you can find news stories about the latest “signal” of a recession.
The most recent centers on the inversion of the yield curve, which
has preceded every U.S. recession since 1955. However, there is
more to the story.