The Inversion of the Yield Curve

Out of ten different commonly watched guild spreads, which one is the most important? I answer that one for us, all of them here. When they all invert, that's when you need to start really paying attention to where you've got capital. And it doesn't take but generally a couple of months to just a few months at most. Once all those curves invert, and they historically always invert just before a recession.